Let $M$ be a $2 \times 2$ real symmetric matrix and it is well known/proved that it will always have two real eigenvalues.
Now let
$$\Sigma = \begin{bmatrix}
0 & k \\
1 & 0
\end{bmatrix}$$,
Where $k \in {\cal R}$ and $k \ne 1$. I found that the non-symmetric matrix $A=\Sigma M \Sigma$ always has real eigen values for all k except $k=1$ (for $k=1$, it becomes a symmetric matrix) Numerically.
Can anyone prove that non-symmetric matrix $A=\Sigma M \Sigma$ will always have real eigen values ??
Matrix $A$ is pseudo-symmetric under the constant metric, $$\eta = \begin{bmatrix} 1/k & 0 \\ 0 & k \end{bmatrix}$$ as $\eta A \eta^{-1} = A^{T}$.
In general, if $X$ and $Y$ are two rectangular matrices such that both $XY$ and $YX$ make sense, then $XY$ and $YX$ share the same nonzero eigenvalues.
So, the nonzero eigenvalues of $\Sigma M\Sigma$ are those of $\Sigma^2M=kM$. Now the conclusion follows.