Matrix and GrowthWorks to Address Regulatory Concerns
Vancouver-based asset and wealth management company Matrix Asset Management Inc. and its subsidiaries, which include venture capital firm GrowthWorks, announced they are pursuing measures for "re-establishing compliance with regulatory working capital requirements." Earlier in May, Matrix issued operating results for the first quarter of 2013 showing a working capital deficit of $7 million. The company has arranged for loan financing and will examine steps to consolidate subsidiary operations to enhance efficiency.
28 May 2013•4 mins read
