International fund of hedge funds Grosvenor Capital Management is taking a stab at the mutual fund space with…an alternative fund of funds.

According to a regulatory filing, the planned Grosvenor Alternative Strategies Fund, a “feeder” fund that invests substantially all of its assets in the Grosvenor Alternative Strategies Master Fund, will feature underlying managers with exposure to activist investing, commodities, credit, distressed investing, event driven strategies, macro strategies, managed futures and short equity among other strategies.

The portfolio managers of the fund are David Richter, Managing Director, Investments andBradley Meyers, senior vice president, investment.

According to its website, the Firm currently manages invests in excess of $20 billion on behalf of its global client base across a broad range of absolute return and other investment strategies.

Grosvenor was founded in 1971 by Richard Elden, who left in 2006 to start Lakeview Investment Manager, an activist fund of hedge funds.