Saturday, 23 August 2014
Last updated 17 hours ago
Jul 15 2008 | 1:38am ET
Harcourt Investment Consulting has launched its Belmont Asset Based Lending fund of funds.
The fund, which debuted in May, was developed with IST Investmentstiftung für Personalvorsorge to address the needs of the conservative institutional crowd by excluding derivatives and shorts and limiting the use of leverage to 10%. Its annualized targeted return is 250 basis points in excess of Libor, net of fees, with 2.5% annualized volatility.
Harcourt said the launch of the new fund is a further step in the evolution of its ABL product offering “and the first step in a promising cooperation with IST Investmentstiftung für Personalvorsorge, the largest independent investment foundation in Switzerland.”
The fund finished its first month of trading up 0.50%.
It charges a 1% management fee and a 10% performance with a $5 million minimum investment requirement.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note