Matrix launches absolute return bond fund

Matrix has launched an absolute return bond fund to be managed by Lazard Asset Management.

The Matrix Lazard Opportunities fund is run by Matrix Money Management, which has appointed Lazard as its sub-investment manager. Lazard's six-strong team, headed by senior portfolio manager Sean Reynolds, aims to achieve absolute returns through a combination of capital appreciation and income. The fund's strategy seeks to generate returns through two sub-strategies: convertible arbitrage and special situations/event driven investing. The fund can invest across a broad range of securities including bonds, convertibles, equities and credit derivatives and can go both long and short. ...