The fund will be launched under the name GH Diversified Strategy Fund and will be available to retail investors.
"We've already got a number of positive ratings from the research houses and we'll have the fund up and running by the end of the year," HSBC Australia head of global investments Charles Genocchio said.
The original GH Fund has been running since June 1996 and aims to deliver an absolute return from selected investments in a number of hedge funds.
"We are pretty positive with the hedge-fund-of-fund type because our group has been doing it for 20 years," Genocchio said.
"We haven't had any frauds, we haven't had any funds that have blown up and we've got quite a few other things in the fund that will make it shine from the ones that are in Australia."
