Matrix launches Asia long/short fund

Matrix has launched its first Ucits III fund, a pan-Asian long/short equity strategy.

The Matrix Asia Ucits fund will be managed by Rupert Foster, who also runs the Cayman domiciled Matrix Asia portfolio. Foster will operate a similar investment strategy across both funds, investing in markets including China, Japan, India, Korea, Hong Kong, Taiwan, Australasia and Singapore. He says the new fund will be able to rotate actively between China and Japan, which between them account for 70% of the market capitalisation of the Asian stock exchanges, to best capture the respective stages of their economic cycles. The Matrix Asia fund has outperformed the MSCI Asia Pacific...