Rothschild’s fund will referenced to about eight underlying Australian hedge funds. So far, previous fund of hedge funds offerings launched in Australia have been referenced to global hedge funds, such as Colonial First State Investment's Global Diversified Strategies Fund launched last October.
The offer won’t include a capital guarantee and will be offered to professional investors, Baker said. He added that “hedge funds are actively moving ahead” in Australia, with large local players now lining up partnerships with offshore funds. "You’ll probably see an increasing number of professionals start alternative funds,” he said.