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.
