Matrix offers hedge fund via a protected wrapper

structured product

Matrix Ascension plan provides capital return or upside of winton hedge fund

Matrix next month launches a plan offering a protected wrapper around a hedge fund that has historically produced annualised returns in excess of 22%, after charges. The product will feature a minimum investment of £5,000 and will offer commission to intermediaries of 3%. The Matrix Ascension Plan (Map), a sterling-denominated product with a seven-year life, has been set up in association with investment bank BNP Paribas. It provides either return of capital after payment of a 4% initial charge, or the upside in the Winton Trading Strategies fund. Map, which goes on offer mid-May to June...