Harcourt, the alternative investment arm of Switzerland's Vontobel Asset Management, has launched two Luxembourg-domiciled UCITS funds.
The funds, part of Harcourt's new Research-Driven Strategies product line, are actively managed with investments made strictly according to rule-based methodologies that aim to capture clearly defined alternative risk premiums. The funds aim to achieve a risk-adjusted return exceeding the 3-months LIBOR by 3 to 5%.
The Vontobel Fund—Pure Momentum Strategy, managed by Jan Viebeg, carries management fees of 1.5% (retail share class) and 0.75% (institutional share classes) and a performance fee of 10% above the benchmark 3-month LIBOR. The fund aims to benefit from trends in the global financial markets and invests primarily in various liquid asset classes such as equities and fixed income.
The Vontobel Fund—Pure Dividend Strategy is managed by Martin Tschunko and carries management fees of 1.5% (retail share class) and 0.75% (institutional share classes). It has no performance fee. The fund strives to systematically participate in the dividend stream of high-payout companies while reducing equity-market risk significantly by managing derivatives actively. The fund invests globally in companies with higher-than-expected average dividend yields with the aim to provide stable returns during times of low interest rates.
"The improved macroeconomic climate has created significant new opportunities for investors to benefit from market upswings", said Jan Viebig, CEO of Harcourt and portfolio manager of the momentum strategy, in a statement."We believe these two funds are ideally placed to support traditional portfolio allocations while delivering the enhanced diversification investors require in the post financial crisis world."
Harcourt plans to launch additional funds in the product line.
Harcourt Investment Consulting specializes in funds of hedge funds and commodities and managed assets in excess of CHF 3.4 billion as of 30 June 2013. Parent company Vontobel managed CHF 160 billion employs about 1,400 people worldwide.