Matrix Fund Managers

What Matrix Fund Managers does

Matrix Fund Managers (Pty) Ltd is an owner-managed, privately held South African asset manager headquartered in Cape Town, operating since 2006 (originally as the hedge fund division of Brait Capital Management before rebranding in 2014). The firm manages 9 traditional Collective Investment Scheme funds plus 1 retail hedge fund across fixed income, equity, and multi-asset strategies, alongside segregated institutional mandates. Its investment process combines bottom-up fundamental analysis with a macro overlay and centralised risk management, with the firm describing itself as pursuing an 'absolute return mindset' across a full risk spectrum.

The product range spans low-equity defensive multi-asset vehicles (Amplify SCI Defensive Balanced Fund), medium-equity absolute-return funds (Amplify SCI Absolute Fund, Matrix SCI Balanced Fund), single-asset-class building blocks (Matrix SCI Bond Fund targeting ALBI+1%, Matrix SCI SA Equity Fund targeting Capped Swix+1%, Matrix SCI Stable Income and Enhanced Income funds), and the Matrix SCI Fixed Income Retail Hedge Fund (targeting Cash+8% via opportunistic, directional, relative value, correlation, and volatility strategies in SA fixed income, FX, and derivatives). A noteworthy commercial feature is the exclusive white-label management partnership with Amplify Investment Partners, which now spans four fund ranges including SA-only Regulation 28 variants launched in 2023 and 2025.

Matrix distributes through South African Linked Investment Service Provider platforms and CIS Management Companies for retail, and direct relationships for segregated institutional mandates. It is regulated as a Category I, II and IIA Financial Services Provider (FSP 44663) under FAIS, is a Level 1 B-BBEE Contributor under the Financial Sector Charter, and is an ASISA member. Revenue is generated through recurring management fees on AUM; specific fee schedules, AUM, and revenue figures are not publicly disclosed.

Name

Matrix Fund Managers

Legal name

Matrix Fund Managers (Pty) Ltd

Website

https://matrixfundmanagers.co.za

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Owner-managed South African asset manager, founded 2006 and headquartered in Cape Town, managing 9 traditional CIS funds and 1 retail hedge fund across fixed income, equity, and multi-asset strategies for institutional and retail clients via LISP platforms, Manco structures, and segregated mandates.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Multi-Strategy — Single-Manager, Multi-PM (FSAHAFAB)

akta.pro secondary industries

Fundamental/Discretionary Equity Long/Short (FSAHAAAA), Portfolio Construction & Asset Allocation Advisory (FSAEAAAC)

Keywords

• Asset management services
• Fixed income funds
• Equity funds
• Multi-asset portfolios
• Hedge fund management

Headquarters

HQ city

Cape Town

HQ country

South Africa

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Traditional Fund Management: Management fees from managing traditional collective investment scheme portfolios including Multi-Asset and Single Asset Class funds launched in 2014. These include balanced funds, bond funds, equity funds, and income funds.
2. Hedge Fund Management: Management fees from hedge fund strategies including the Matrix SCI Fixed Income Retail Hedge Fund launched in 2008. These pursue opportunistic, directional, relative value, correlation and volatility strategies.
3. Segregated Portfolio Management: Customized segregated portfolio management for institutional and qualifying clients.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Matrix Fund Managers is an owner-managed, diversified asset manager that delivers active investment management across fixed income, equity, and multi-asset portfolios. The firm offers Collective Investment Scheme (CIS) portfolios covering both traditional long-only funds and alternative hedge fund strategies, distributed through Linked Investment Service Providers (LISPs), CIS Management Companies, and Amplify Investment Partners, while also managing customized segregated portfolios for institutional and qualifying clients.

Product overview

Matrix Fund Managers is an owner-managed, diversified asset manager offering a range of traditional and alternative investment funds. The company operates two primary fund categories: Traditional Funds (collective investment schemes across multi-asset and single asset class portfolios) and Hedge Funds (alternative fixed income strategies). Traditional funds include multi-asset products (Defensive Balanced, Absolute, and Balanced funds) targeting various inflation-plus return objectives, as well as single asset class funds (Bond, Equity, and Income funds). Hedge funds focus on fixed income and derivative strategies. All funds are offered as Collective Investment Scheme portfolios through Linked Investment Service Providers or directly through CIS Management Companies. The company also manages segregated portfolios for institutional clients. The fund range spans from low-equity defensive portfolios to high-equity growth portfolios, serving different investor risk profiles and return requirements.

Differentiator

Problem solved

Functional benefit

Products and services

• Amplify SCI Defensive Balanced Fund A stable, low-equity multi-asset class fund for cautious investors that aims to preserve capital in real terms with lower volatility over the medium to long term, investing in equities, money market instruments, bonds, listed property, and international assets. Managed by Matrix as exclusive manager, distributed on the Amplify platform.
• Amplify SCI SA Defensive Balanced Fund A South Africa-focused multi-asset fund for cautious investors that aims to provide stable returns and preserve capital in real terms with low volatility, investing only in South African securities. Targets CPI + 3% return objective.
• Amplify SCI Absolute Fund A medium equity multi-asset fund that aims to deliver positive real returns while minimizing risk of capital loss over the medium term, investing in equities, bonds, listed property, and international assets. Managed by Matrix as exclusive manager.
• Amplify SCI SA Absolute Fund A South Africa-only medium equity multi-asset fund that aims to deliver positive real returns while minimizing risk of capital loss over the medium term, investing only in South African securities with a CPI + 4% return objective.
• Matrix SCI Balanced Fund An equity-centric multi-asset fund for long-term capital growth that invests in equities, bonds, listed property, and international assets, targeting CPI + 5% annualised returns.
• Matrix SCI Enhanced Income Fund A multi-asset income fund that aims to achieve higher returns than money market funds over the medium term, investing in interest-bearing securities with emphasis on liquidity. Targets STeFI Composite Index + 1%.
• Matrix SCI Bond Fund A fixed income building block that invests in South African listed fixed income instruments with a bias towards government bonds and high-quality non-government credit, targeting ALBI+1% returns.
• Matrix SCI SA Equity Fund A general equity fund that aims to deliver strong capital growth over the long term by investing in shares listed on the Johannesburg Stock Exchange, targeting Capped Swix + 1% returns.
• Matrix SCI Stable Income Fund A short-term interest-bearing fund that aims to earn higher income than money market deposit rates over the medium term, investing in liquid South African listed fixed income instruments.
• Matrix SCI Fixed Income Retail Hedge Fund A hedge fund pursuing opportunistic, directional, relative value, correlation and volatility strategies in South African fixed income, FX and related derivative markets, targeting Cash + 8% returns.
• Segregated Portfolio Management Matrix manages segregated portfolios for institutional and qualifying clients where appropriate, tailored to specific client investment requirements. Available alongside CIS portfolio offerings.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Amplify Investment PartnerscoreChannel Partner/ Reseller/ DistributorMatrix Fund Managers serves as the exclusive manager for several funds launched by Amplify Investment Partners, including the Amplify SCI Defensive Balanced Fund, Amplify SCI Absolute Fund, Amplify SCI SA Defensive Balanced Fund, and Amplify SCI SA Absolute Fund. These are distributed through the Amplify platform.
• Association for Savings and Investment SA (ASISA)minorOthersMatrix Fund Managers is a member of ASISA and participates in relevant committees and working groups, enabling them to influence industry initiatives and stay informed about regulatory developments.
• Linked Investment Service Providers (LISPs)coreChannel Partner/ Reseller/ DistributorMatrix Fund Managers offers all funds through various Linked Investment Service Providers, making their products available to retail investors through multiple investment platforms in South Africa.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Coronation Fund Managers: Leading South African multi-strategy asset manager offering traditional long-only and hedge fund products across institutional and retail channels. Directly comparable to Matrix in product breadth, multi-asset capability, and LISP/manco distribution.
• PSG Asset Management: South African asset manager offering multi-asset, equity and income funds through LISPs and institutional channels. Comparable in fund range, LISP-led distribution and domestic focus to Matrix.
• Anchor Capital: Independent South African boutique asset manager offering traditional and alternative strategies via LISP and institutional distribution. Closely comparable in boutique, multi-strategy positioning and target client mix to Matrix.
• Allan Gray: One of South Africa's largest owner-managed, multi-strategy asset managers offering balanced, equity and fixed income funds to retail and institutional clients. Highly comparable to Matrix in boutique philosophy, multi-strategy approach, and LISP-based retail distribution, but at substantially greater scale.
• Sygnia: South African asset manager offering indexed and active multi-asset, equity and hedge fund products with strong LISP distribution. Comparable in product set, distribution model and South African market focus to Matrix.
• Truffle Asset Management: South African boutique asset manager offering equity, multi-asset and hedge fund strategies to institutional and retail clients. Closely comparable as a smaller-scale, multi-strategy competitor in the same LISP and institutional channels.
• Foord Asset Management: Privately held South African boutique asset manager offering equity, fixed income, balanced and multi-asset funds. Similar owner-managed structure, fundamental bottom-up investment philosophy, and retail/institutional mix to Matrix.

Broad incumbents

• Ninety One: Major South African-headquartered global asset manager (formerly Investec Asset Management) with extensive multi-asset, equity and alternative strategies. Overlaps with Matrix across traditional and hedge fund products but operates at far greater scale and international footprint.
• Old Mutual Investment Group: Large South African investment group offering multi-asset, equity, fixed income and alternative funds to institutional and retail clients. Direct competitor for LISP shelf space and institutional mandates against Matrix.
• Sanlam Investments: Large South African investment management group and LISP platform owner (Sanlam). Competes with Matrix both as a product manufacturer and as a distribution gatekeeper controlling shelf access for retail flows.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/matrix-fund-managers

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Matrix Fund Managers