Matrix feeder funds invest in Fortis

Matrix has launched two funds of hedge funds which are feeder funds from multi-manager portfolios run by Fortis and Tremont.Matrix's Horizon Fund invests in the sterling-hedged share class of Fortis Investment Fund, whose dollar shares generated 6.55% during 2002, according to the group.The Horizon shares Matrix's fund uses returned 0.89% net of fees during December.The underlying Fortis fund is widely diversified, investing in around 35 underlying portfolios.Bridget Cleverly, Matrix Money M