The Dublin-domiciled Matrix Lazard Opportunities Fund will utilise the full Ucits III powers to provide investors with an absolute return through investing in bonds, convertibles, equities and credit derivatives, said Matrix.
Matrix Money Management has appointed the Lazard Asset Management team, headed by Sean Reynolds, to manage the fund. Its strategy will be to generate returns through two sub-strategies – convertible arbitrage and special situations/event driven investing – to take advantage of situations where the team believes a security’s price diverges from its expected value.
Reynolds leads a team of six investment professionals and also has access to Lazard’s other global investment capabilities and teams.
Deutsche Bank & Winton rollout managed futures fund Reynolds said: “The Matrix Lazard Opportunities Fund provides a unique vehicle for investors seeking an on-shore regulated fund that uses our convertible arbitrage and special situations approach.
We believe that the recent stock market sell-off has dramatically increased the strategy’s opportunity.”
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