The United Kingdom-based fund is the first absolute return fund Aviva Investors plans to roll out to the Australian market.
It will be known as the Global Tactical Asset Allocation (GTAA) fund.
"Investors have had concerns about the liquidity of hedge funds, but this is a highly transparent and highly liquid fund," an Aviva Investors spokesperson said.
The fund aims to generate long-term capital appreciation and income by implementing active positions in a range of assets.
Aviva Investors is waiting on a rating from van Eyk for the Australian version of the fund. The firm is also in discussion with other ratings agencies and platforms.
The fund won't be available to investors until March.