Harcourt, the Alternative Investment brand of Vontobel Asset Management, has launched the Harcourt Alternative Leaders Fund. Harcourt’s strategy-focused fund of hedge funds...
strategy, which until now had been available in a mandate format only, has been launched in a SICAV-SIF format, providing access to a cost-efficient and diversified alternative investment product.
The fund, which is only available to institutional investors, is based on a successful managed account which was launched in November 2000. The fund leverages the expertise and investment capabilities of Harcourt’s Hedge-Fund Solutions & Advisory team, which has more than 17 years of experience building and managing customised hedge fund portfolios for institutional clients.
Ilario Scasascia, Portfolio Manager, said of the launch: “Given the continued importance of macroeconomic drivers, especially central bank policy, as well as the ongoing low-yield environment, an exposure to selected strategy-specific funds of hedge funds is crucial to reduce the overall portfolio risk, while generating stable returns.“ The fund aims to achieve a steady outperformance to the Eurekahedge Index and is designed to enhance the risk-return profile of a balanced portfolio through diversification effects.