Planned launch for funds of hedge funds for IFAs

A spate of new funds of hedge funds aimed at the UK independent financial adviser market are being prepared for launch in the coming months.

The recent defection of the Lazards multi-manager team, comprising John Chatfeild-Roberts, Peter Lawery and Algy Smith-Maxwell, will see the emergence of a new fund of alternative investments from Jupiter.

The team, who while setting up and running Lazard's Astral vehicle made early investments in hedge funds run by Gartmore's Roger Guy, Lazard's William