Vontobel Lauches SICAV-Compliant Version of Harcourt Fund of Hedge Funds Strategy

Oct 8 2015 | 7:10pm ET

Vontobel has launched a new version of its flagship Harcourt fund of hedge funds strategy.

The SICAV-compliant Harcourt Alternative Leaders Fund launched last week and replicates the Harcourt fund, which has been in action since November 2000 and available only in a mandate format.

Although a more liquid version of the strategy, the new vehicle is only available to institutional investors. Domiciled in Luxembourg, it mirrors the Harcourt approach in which a universe of 2,500 fund of hedge funds and 10,000 single hedge funds are screened using proprietary criteria. From there, the fund invests in five to ten strategies to create a fund of hedge funds with the aim of outperforming the Eurekahedge Index. 

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 customized hedge fund portfolios for institutional clients. Lead manager is Ilario Scasascia, who joined the firm in 2010.

“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,” noted Scasascia in a statement.

Harcourt is the alternatives boutique of Switzerland-based Vontobel Asset Management. 

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