07/09/2010

Matrix strengthens hedge fund division

Matrix Group, the UK financial services business, has bolstered its fund of hedge funds (FoHF) division with the appointment of analyst Alkesh Chohan.

Alkesh joins the five-strong team from TCP Asset Management. where he worked as an investment analyst for three years. He will be responsible for conducting due diligence on managers and developing existing relationships with fund managers and prime brokers.

Matrix’s range of alternative funds of funds includes both internally managed and externally managed funds. The former include Matrix Credit Opportunities Fund which aims to exploit the current opportunities in credit and debt markets by investing in a diversified portfolio of 10 to 15 robust alternative credit funds and targeting 10% to 15% net annual returns.

Stuart Ratcliff, CIO of Matrix’s FoHF business said: “We are delighted to welcome Alkesh to Matrix.  His addition to the team is indicative of the vital importance we place on thorough due diligence in analysing and selecting underlying managers as well as maintaining close relationships with existing managers.”