Pioneer Alternative Investments has launched a pair of feeder funds to provide investors with exposure to long/short, event-driven, distressed and credit strategies.

This month, the firm offered the Luxembourg-domiciled Momentum All Weather Feeder Fund, which gives investors access to its flagship Momentum AllWeather Fund and the Orbit Global Feeder Fund, which is linked to the Orbit Global Strategy Fund, a fund of long/short equity funds.

“At Pioneer Alternative Investments, we are continuously making efforts to deliver solutions best adapted to meet client needs,” CEO Alberto La Rocca. “By having funds of hedge funds domiciled in Luxembourg we can now provide more accessibility for investors.”

Pioneer currently manages in excess of €6 billion (US$9 billion) in single hedge funds and fund of funds.