The asset manager said that it wants to invest its capital in a wide variety of funds currently being managed by Brevan Howard.
With the new initiative, the company aims to generate strong risk adjusted return in a wide range of market conditions by giving investors broad-based exposure predominately to macro trading strategies across multiple asset classes.
The fund will provide privileged access to a range of Brevan Howard managed funds, some of which have limited availability, the asset manager said.
Brevan Howard founding partner Nagi Kawkabani said, "We look forward to working closely with CICCHKAM to develop the investor base for hedge funds in Asia. We see hedge funds as an integral part of sophisticated investors’ portfolios."
Established by the members of Credit Suisse, The Brevan Howard group is a macro manager and manages more than $35.9bn of assets, as of 31 May 2012.