Hub24 adds new liquid alternative strategy

The fund, managed by First Quadrant (FQ), is a liquid alternative fund with a minimum investment of $25,000. It was launched in 2014.

First Quadrant managing partner and chief investment officer Max Darnell said he was pleased with Hub24's responsiveness to growing interest in "alternative sources of non-equity return".

"Diversification is a strong theme currently resonating with investors at a time when equity markets are near all-time highs, and bonds and cash yields are uninspiring."

Mr Darnell said the current interest in liquid alternatives is a result of an environment in which returns generated by other major asset classes are "limited".