Harcourt Launches UCITS Fund Of Hedge Funds

Jun 4 2010 | 8:32am ET

Alternative investment firm Harcourt Investment Consulting on June 1 launched a new UCITS fund of hedge funds—the Vonda UCITS Fund.

The new vehicle will invest in 10-15 managers—with a focus on those running managed futures or global macro strategies. It has a target return of Libor + 4% p.a. over a business cycle and a target volatility between 6% and 8% p.a.

Vonda UCITS was seeded with $60 million and has already received additional commitments of $50 million.

Switzerland-based Harcourt has approximately $4.5 billion in assets under management.

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