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The Fat Prophets dps Investment Strategies will be open to retail investors and seeks to raise a minimum of £20m within two years that will be invested across two sub funds focusing on the different sectors.

Greg Smith, UK managing director of Fat Prophets, said the company had adapted to the changing banking and finance landscape with a transparent and "open approach" to portfolio management.

He said: "This will provide renewed confidence and certainty to investors about how and where their money is being invested."

Mr Smith said: "Despite the recent rally in equity share prices, there remains substantial value in carefully selected companies.

"Fat Prophets will use its decade of experience of investing in the mining and broader market to identify opportunities on behalf of its clients.

"Now is the most opportune time to capitalise on undervalued equities," he said. "We will focus on the industries where our strengths and track record lie."