RMF Investment Management, a Swiss subsidiary of UK-listed alternative asset manager Man Group, has become at least the third firm this year to launch a fund to provide seed capital to start-up hedge fund managers.

Hans Hurschler, head of RMF Hedge Fund Ventures, which has been seeding new hedge fund managers for almost seven years, said it had launched the RMF Global Emerging Managers fund "to gain guaranteed access to new top-tier hedge fund managers".