Wednesday, 10 February 2016
Last updated 16 hours ago
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.