Opalesque Industry Update - Harcourt Investment Consulting AG, the Switzerland-based global alternative investment solutions provider, announces that assets under management as of 30 June 2010 have reached USD 4.7 billion, corresponding to a growth of USD 200 million for the first half of 2010.|
[Harcourt’s AuM were at $3.9bn in the first half of 2009, $4.5bn at the end of 2009.]
The asset increase derives from existing as well as from new clients. The majority of these inflows were originated from institutional clients.
In the first half of 2010, Harcourt successfully launched Vonda UCITS, its first UCITS compliant FoHF. The Fund combines CTA and Macro investments with the benefits of the UCITS Framework, which provides EU-regulated liquidity and diversification guidelines.
Furthermore, the firm launched Belmont Commodity Trading, a commodity FoHF fully dedicated to investing in natural resources fund managers, in partnership with AC Investment Management LLC.
Harcourt’s outlook for the second half of 2010 remains positive.