Matrix Group goes into administration

Matrix Group has been placed into administration, and parts of the business are already in the process of being liquidated.

In a statement, the firm said both Matrix Group Limited and Matrix Securities Limited had been placed into administration yesterday. Divisions within the company including Matrix Money Management and Maxtrix Corporate Capital are in the process of being wound up. However, the distribution and fund management team of Matrix Asset Management have affected a buyout from the parent company. The teams will continue to be responsible for the distribution and management of Matrix funds, including the fund of funds range and the Ascension fund. The current Matrix fund structures will ...