The fund, which has been launched with GBP25m assets under management, will be managed by CEO and founder of Kestrel John Ricciardi, assisted by Max Royde.

According to Kestrel, the Dynamic Asset Allocation investment process was first created by Ricciardi more than twenty years ago and allows the fund management team to make allocation decisions based on relative levels of risk across asset classes on a global basis.

Ricciardi said, "I am delighted to have launched the fund using the latest version of our Dynamic Asset Allocation methodology and joining forces and pooling expertise with the partners at Kestrel."

Kestrel Investment Partners is a trading name of Kestrel Partners which is authorised and regulated by the FSA.