The privately-owned UK financial services business Matrix Group has appointed Alkesh Chohan as an analyst within its fund of hedge funds group, boosting its five-strong fund of funds team.

Alkesh joins from TCP Asset Management, where he worked as an investment analyst for three years. In his new role Chohan will be responsible for conducting due diligence on prospective managers and developing existing relationships with fund managers and prime brokers.

Matrix’s range of alternative funds of funds includes both internally managed and externally managed funds. The former include the outperforming Matrix Credit Opportunities Fund which aims to exploit the current opportunities in credit and debt markets by investing in a diversified portfolio of 10 to 15 alternative credit funds and targeting 10 per cent to 15 per cent net annual returns.

Matrix Group has £3.5 billion (around $5.4 billion) of assets under management and over 230 staff employed across asset management, investment banking and property.

(To view a recent interview with Matrix about its business model and investor needs, click here).