[2024-08-02 Shrigyan Brachamari]

We develop a simple fixed-point iterative algorithm that computes the matrix projection with respect to the Bures distance on the set of positive definite matrices that are invariant under some symmetry. We prove that the fixed-point iteration algorithm converges exponentially fast to the optimal solution in the number of iterations. Moreover, it numerically shows fast convergence compared to the off-the-shelf semidefinite program solvers. Our algorithm, for the specific case of matrix barycenters, recovers the fixed-point iterative algorithm originally introduced in (Álvarez-Esteban et al., 2016). Compared to previous works, our proof is more general and direct as it is based only on simple matrix inequalities. Finally, we discuss several applications of our algorithm in quantum resource theories and quantum Shannon theory.