Wilmington Trust has rolled out a new mutual fund of hedge fund strategies.
The Delaware-based firm said the Wilmington Rock Maple Alternatives Fund features eight sub-advisors, including two independently-managed mutual funds. The fund, which launched on Jan. 12, is a partnership between Wilmington and alternative investments specialist Rock Maple Services.
"We firmly believe investors wanting hedge fund strategies can benefit most from exposure to these strategies through an independent multi-manager vehicle," Rock Maple's Doug Fincher said. "Our partnership with Wilmington Trust allows us to provide this expertise in a mutual fund structure."