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Matrix to Liquidate Hedge Fund and Investment-Banking Divisions

Bloomberg – Matrix Group Ltd., a U.K. financial firm seeking protection from creditors, said it will liquidate its hedge fund and investment-banking operations.

Matrix Alternative Asset Management LLP will be wound down “shortly” and Matrix Corporate Capital LLP, which advises energy and clean-technology firms on mergers and share sales, will also liquidate, the London-based firm said a statement today. Matrix Property Fund Management LLP, the real-estate unit that manages $600 million of assets, will be spun off and be run by its current managers, the company said.

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