The fund, which will have a discretionary global macro strategy, investing in derivative and non-derivative assets, is to be managed by Olaf Van den Heuvel. He will be supported by a team of five in the Netherlands, along with the firm’s wider multi-asset group in the UK and the Netherlands, which comprises 10 investment professionals.

“It is our investment philosophy that excessive optimism and pessimism regularly cause over and under valuation of the financial markets. We believe active exploitation of these price anomalies with a process orientated approach in a risk controlled manner will create increased portfolio returns. As such, we add value through our top-down analysis, which we use to exploit mis-pricings between asset classes and intra asset class aggregates as well as long only positions,” Mr Van den Heuvel said in a statement.

Minimum investment in the fund is €100,000 ($137,000); its standard fee will be a 1 per cent annual management charge and its performance fee will be 20 per cent outperformance above the three month Euribor (the fund’s benchmark) plus 7.5 per cent.

The Dublin registered UCITS III fund is available to investors in Ireland, the Netherlands and the UK, and will be rolled out across Europe in due course.