Matrix aims fund of funds at IFAs

UK-based Matrix Group is to launch a low-volatility fund of alternative funds aimed at the UK intermediary market.

The Matrix Conservative Approach fund will be managed by Tass Tremont Advisers, the US- and UK-based hedge fund consultants and data providers. The fund will be diversified across 10 to 20 investment groups drawn from a number of sectors: convertible arbitrage; event driven; equity market neutral and low net exposure long/short.

Matrix is principally known for its packaging and p