Harcourt launches SICAV-compliant version of flagship fund of hedge funds strategy
Harcourt, the Alternative Investment brand of Vontobel Asset Management, has launched a SICAV-SIF compliant version of its flagship fund of hedge funds strategy, previously only available in a mandate format.
The Harcourt Alternative Leaders Fund, which is only available to institutional investors, is based on a managed account which launched in November 2000. 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 customised hedge fund portfolios for institutional clients.
Ilario Scasascia (pictured), Portfolio Manager, says: “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.“
According to a statement released by Harcourt: “The fund aims to achieve a steady outperformance to the Eurekahedge Index and is designed to enhance the risk-return profile of a balanced portfolio through diversification effects.”