UK hedge fund manager Caliburn Capital Partners has signed up with Hatfield Liptak Advisors as it aims to build its business in Australia.

While Caliburn is the first manager the firm has represented, Hatfield Liptak Advisors have already worked with a European family office.

"Three weeks ago, we worked with a family office who was interested in the local hedge fund market. About five to 10 managers will receive an allocation from this office," Hatfield Liptak Advisors partner Damien Hatfield said.

Caliburn's products include the Caliburn Strategic Fund, Caliburn Greater China Fund, the Caliburn Energy New Era Fund and the Caliburn Global Inefficiencies Fund.

"We initially thought of just introducing single strategy-hedge fund managers, in the strong belief that Australian institutions are increasingly adding single-strategy hedge funds to their portfolios," Hatfield said.

The firm revised its view, believing that Caliburn's diversified investment approach will deliver strong returns.

A superannuation fund has already invested in the UK hedge fund manager, however, Hatfield was unable to release any details due to client confidentiality.

Caliburn's funds will initially be targeted to the institutional market.

"Our focus at the moment is on the institutional market but we will be looking at expanding our investor base to include high net worth clients and platforms and financial planners," he said.

Hatfield Liptak Advisors was established in February 2007 by former Pengana hedge fund manager Damien Hatfield and hedge fund researcher Daniel Liptak.