Blacksquare Capital is launching a multi-asset fund of absolute return funds in January.
The IFSL Blacksquare Multi-Manager Absolute Return fund will launch with around 15 funds with exposure to asset classes including: stocks, bonds, currencies and commodities.
The fund begins its two-week launch period on January 4.
It will be managed by Richard Sherwin and aims to capitalise on the growing appetite for diversification from investors within the absolute return sector.
Madilean Coen, partner at Blacksquare, thinks the fund will be especially attractive to intermediaries and their clients.
"Investors increasingly want exposure to regulated absolute return products that offer diversification across asset classes, provide daily liquidity and are tax efficient," she says.
Minimum investment for retail shares is £1,000 with an initial charge of 5% and an annual management charge of 1.5%.
The IMA Absolute Return sector was the biggest selling sector in September, accounting for £442.4m of net retail sales and displacing Corporate Bond to second place.
Our weekly heads-up for advisers
'Nothing can prevent scammers developing workarounds'
Stalwart Scottish Mortgage takes third place
Consistency and compliance vs. slower reaction time
Search for replacement to begin imminently