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Matrix delivers positive returns in May for its Asia hedge fund

10 June 2010

The Matrix Asia Fund, a long/short equity fund managed by Rupert Foster, returned +1.32% in May adding value on both the long and short books and outperforming the MSCI Asia Index by 11.16% for the month. Year-to-date the Fund is up +9.58% whilst the MSCI Asia Index has returned -5.79%.  Since inception on 08/08/08, the Matrix Asia Fund has outperformed the MSCI Asia Pacific Index by 64.6% returning 50.5% (to 31 May 2010).

Back in May, Matrix announced the launch of its first UCITS III fund, the Matrix Asia UCITS Fund which is also run by Rupert and his team and has a similar investment objective to the hedge fund.  Over an investment cycle, Rupert expects to add a third of the performance from his short book.

Commenting on May’s performance, Rupert Foster said:

“In May our long book was able to significantly out-perform the market with particular resilience in shipbuilding stocks and some domestic Japanese mid-cap cyclicals.  Our short book also performed well with a number of shorts in over owned and overvalued cyclicals and a number of companies having very poor earnings forecasts for this year.  The key to performing in current market conditions is a focus on earnings revision and not attempting to call the macro picture which remains unclear.”

The key to the Fund’s resilience is Foster’s investment focus on bottom-up, fundamental company research which is complimented by a top-down macro filter. Foster, who has over 16 years experience in investing in Asian (including Japanese) markets, and his team conduct detailed research using a TMQ (thematic, macro and quantitative) filter.

The Matrix Group is one of the largest and most successful privately owned financial services businesses in the UK with over £3.1 billion of assets under management and more than 235 professionals employed across four divisions: asset management, investment banking, property and specialised finance. Since inception in 1987, Matrix has raised over £9.5 billion of assets for investments across these business areas.

Within the asset management division of Matrix Group, as well as funds of funds, investment management, cash funds and private equity, there are currently four other long/short equity funds:
• Matrix Macro Fund, a global macro equity fund
• Matrix New Europe Fund, focused principally on the markets of Russia
• Matrix PVE Global Credit Fund, focused on global credit markets
• Matrix Redux Emerging Markets Fund, focused on emerging market FX

 

Citywealth Magic Circle Award winners and runners up 2010

Citywealth Editor’s Choice Award
Winner – Lesley Lintott, Penningtons Solicitors

 

Private Bank of the Year
Winner – Rothschild
Runner Up – C. Hoare & Co

 

Private Banker of the Year
Winner - Paul Knox, JP Morgan Private Bank
Runner Up – James Penny, Barclays Wealth

 

Investment Management Company of the Year
Joint winners – Schroders and Jupiter Asset Management
Runner Up – Sarasin & Partners

 

Family Office of the Year
Winner - Sand Aire
Runner Up- Stonehage

 

Family Office Individual of the Year
Winner - Alex Scott, Sand Aire
Runner Up – Caroline Butler, Lord North Street

 

Law Firm of the Year
Winner - Farrer & Co
Runner Up - Macfarlanes

 

Lawyer of the Year
Winner - Martyn Gowar, McDermott Will & Emery
Runner Up – Clare Maurice, Maurice Turnor Gardner

 

Family/Matrimonial Team of the Year
Winner - Withers
Runner Up – Farrer & Co

 

International Law Firm of the Year
Winner - Withers
Runner Up – McDermott Will & Emery

 

Trust Company of the Year
Winner - Key Trust
Runner Up – RBC Wealth Management

 

Trustee of the Year
Winner - Andrew Penney, Rothschild Trust
Runner Up – Mike de Figueiredo, RBC Wealth Management

 

Accountancy Firm of the Year
Winner - KPMG
Runner Up – Saffery Champness

 

Accountant of the Year
Winner - David Kilshaw, KPMG
Runner Up – Paula Higgleton, Deloitte

 

Charity Advisor of the year
Winner - Bircham Dyson Bell
Runner Up – Farrer & Co

 

Charity Investment Manager of the Year
Winner - Schroders
Runner Up – Sarasin & Partners

 

Industry Newcomer of the Year
Winner - Maurice Turnor Gardner
Runner Up – McDermott Will & Emery

 

Citywealth Tomorrow Club - Emerging Manager of the Year
Winner - Edward Allen, Thurleigh Investment Management
Runner Up – James D’Aquino, Rooks Rider

 

Citywealth Tomorrow Club - Woman of the Year
Winner - Katie Price, Baker & McKenzie
Runner Up – Claire Murray, McDermott Will & Emery

 

Outstanding Individual of the Year
Winner - Piers Barclay, Macfarlanes
Runner Up – David Scott, Vestra Wealth

 

Lifetime Achievement Award
Winner - Richard Moyse, Boodle Hatfield
Runner Up – Richard Leonard, Dixon Wilson

 

Woman of the Year
Winner - Suzanne Reisman, Law Offices of Suzanne M. Reisman
Runner Up – Sally Tennant, Lombard Odier

http://www.citywealthmag.com/awards
 

Joe Bell
Citywealth
Tel: +44 (0)1483 526445
Email: jbell@j-p-c.tv

Karen Jones
Citywealth
Tel: +44 (0) 224 9565
Email: kjones@j-p-c.tv

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