The funds are designed to deliver growth irrespective of market conditions and have a minimum initial investment of £4,500, with a minimum top up of £90.
Regulated by the FSA, the funds are available to both institutional and retail investors and are distributed by PDL in the UK on behalf of Swiss-based fund manager Salus Alpha.
The fund range includes the Salus Alpha Directional Markets fund, a Commodity Arbitrage fund and a Multi-Style fund.
The Directional Markets fund invests in the futures of global equities, fixed income, currencies and commodities, while the Commodity Arbitrage fund is designed to provide alpha by exploring price inefficiencies of a wide range of commodities.
The Multi-Style fund is a portfolio of hedge fund strategies which are diversified across a range of asset classes and via up to 20 managers.
Salus Alpha was formed in 2001 and has assets under management of over $1.2bn. It was the first company to obtain Ucits status for a range of hedge fund products.
Oliver Prock, CEO and CIO at Salus Alpha Capital, said: "These funds exhibit attractive absolute return with a low or no correlation to financial markets and low volatility, making them ideal for investors looking to diversify their portfolios.
"They offer the added benefits of daily liquidity and the comfort Ucits compliance brings."
Another fund being launched is the Salus Alpha Real Estate fund, which is an absolute return fund that invests in North American REITs and real estate stocks.
UK reporting status for the range of funds was applied for in the first quarter of 2011 and is still pending.
Assuming it is granted, which PDL does not anticipate any problems with, any gains will be a capital gains tax event, rather than income taxable.
There is no minimum holding period for the funds.
