He isn't naming names yet, but says there are two other people who will come on board to help run the fund.
The fund will be a "vanilla" offering, he says and will invest in Australian and New Zealand shares as well as fixed interest.
He says it will have a "growth bias".
While the fund will be similar to the Fisher Funds Growth fund, Couillault says its mandate won't be so restrictive.
The idea is to be able to take advantages of opportunities when they arise.
"It will be sensible and pragmatics but no so restrictive that you can't take opportunities when they come up."
One example he makes is in fixed interest. Earlier this year the spreads had gotten too wide and the absolute interest rates were high.
This was an example of an opportunity that he would like to take advantage of.
Couillault won't be offering KiwiSaver to begin with. He says it is a good way of getting long term money on board, but it is an expensive scheme for a manager to run and it needs scale.
Distribution will be done on a retail basis and he expects to have a couple of distribution partners in place, however he is not intending to offer the fund through the financial advisory networks.
Couillault left Fisher Funds in February 2007 and sold his stake in the business back to its founders. He has been under a restraint of trade and unable to establish a business until that period had ended.
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