The UCITS fund, which launches with an external seed investment of $50 million, will be managed by James Hughes, who joined from HSBC last year to help steer the asset manager’s multi-asset offering.

It will invest in a broad range of asset classes including global equities, fixed income, emerging markets, real estate, infrastructure, commodities and hedge funds, with a skew towards alternatives, the firm said.

With a targeted return of 7 to 10 per cent per year over rolling three to five year periods, the fund will leverage the firm’s core expertise in alternative asset management, while adding traditional assets to the mix, the firm said.

“The DNA of Gottex’s business, historically focusing on alternative investment, allows a natural expansion into multi-asset solutions and provides our clients access to complementary return streams,” said Gottex’s chief executive, Joachim Gottschalk.

“This is the first step in creating a suite of multi-asset products to support the ever increasing demand for ‘core’ multi-asset solutions.”

The Gottex Multi-Asset Growth Fund will include A-shares with a minimum subscription of $1,000 and annual management fees of 0.65 per cent, and I-shares with a minimum subscription of $5 million and annual management fees of 0.5 per cent. Investors will also have access to a special ‘founders' share-class’ until assets reach $100 million.

As of the end of March, Gottex Group had $8.5 billion of total client assets.