The latest offerings in funds management are getting a lot more adventurous.

Street Talk can reveal former Hayberry Investments hedge fund manager and BT head of equities Rohan Hedley is teaming up with Sydney private investor Robert Whyte to launch the Hayberry Global Fund.

The new fund will look at special situations and event-driven opportunities across global equity markets, a product of the existing relationship Hedley and Whyte have had since 2012 when the pair began sharing ideas after Hedley closed his Australian fund. Both will invest personally in Hayberry, which undertakes its own research, and will be high conviction.

Veteran investor Rohan Hedley reckons some of the most evolved ideas in global equity markets are flying under the radar.

Narrowing its focus to 15-20 stocks, the strategy will hunt down restructuring ideas around the world. It's no coincidence as Hedley, a one-time liquidator, is known for his value style of investing.

The fund is expected to launch in the next month or two and will have a maximum of $500 million under management as a medium-term target.