Previously the Directional Markets strategy was only offered as a managed account with a minimum investment of EUR10m.

The Salus Alpha Directional Markets fund aims to achieve low to negative correlation to traditional long-only investments such as bonds or equities.

It tracks the Vienna Stock Exchange listed DMX - Directional Market Index - which employs directional trend following strategies in multiple time frames and markets.

Since the launch of the index the DMX has displayed annualised performance of approximately 28.40 per cent with volatility of 17.88 per cent.

The index delivered performance of 57.52 per cent in 2008, outperforming the US S&P500 equity index by 96.01 per cent and Germany's Dax 30 stock index by 97.89 per cent.

Salus Alpha Equity Hedged is offered through various distribution platforms in Germany and Austria including Augsburger Aktienbank, Metzler Fund Xchange, Frankfurter Fondsbank, Fonds Depotbank, Cortal Consors, DAB, Moventum, Captial Bank and direktanlage.at.