Bienvenidos Harcourt!

Feb 2 2007 | 12:39pm ET

Swiss-based Harcourt Investment Consulting AG recently launched Belmont Latin America, a fund of hedge funds fully dedicated investing in Latin America. The Cayman Islands-domiciled vehicle, which debuted in October 2006, finished its first three months up 3.09%.

The product is currently investing in 10 underlying hedge funds, with the portfolio expected to grow to up to 20 funds in the near future. The strategies pursued by the underlying funds include long/short equity, emerging markets debt, event-driven, fixed-income arbitrage and macro, as well as asset based lending. The portfolio funds are domiciled both within and outside of Latin American countries.

The fund of funds is looking to achieve a targeted annualized return of Libor +700 basis points, net of fees, with annualized volatility in the range of 6% to 8%.

The fund charges a 1.5% management fee and 10% performance fee, with a minimum investment requirement of $100,000.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...