Some of Australia’s best money managers have thrown their hats in the ring for a new investment trust run by – and for the betterment of – women, which statistics show may have the edge over male-dominated funds.

Launched by federal Minister for Women and Finance Katy Gallagher in Sydney on Wednesday, the Future Generation Women’s fund has nabbed $100 million in seed funding from Nicola and Andrew Forrest’s Minderoo Foundation.