Matrix launches tax efficient closed-ended FOHF

Matrix has launched a closed-ended version of its Conservative Approach Strategy (CAS) fund, designed...

Matrix has launched a closed-ended version of its Conservative Approach Strategy (CAS) fund, designed to offer a tax efficient option for investors. CAS is a multi strategy fund of hedge funds aiming to deliver annual returns of LIBOR plus 4% to 6% with a level of volatility similar to the FTSE Gov 5-15 year Gilt index. The group said the closed-ended CAS fund was created in response to demand from financial Advisers for the fund’s returns within a structure subject to capital gains tax for UK-based investors. The structure is also a qualifying investment for fund managers of Ucits, Nurs...