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Opalesque Exclusive: Harcourt announces launch of SRI FoF Opalesque's Sona Blessing reports "live from Flims, Switzerland": At their 8th Annual Hedge Fund Conference, Harcourt announced they will be launching a SRI Fund of Funds (expected launch 1, November 2007).

Rubinstein & Rubinstein launches offshore fund with `patent-pending` carried interest reduction twist From HedgeCo.Net: Rubinstein & Rubinstein, LLP has launched an offshore alternative investment fund practice which has seen a great deal activity in the past few months. Taking advantage of a tax treaty between the United States and a foreign government, Rubinstein & Rubinstein established the fund in an offshore jurisdiction, reducing taxation to 1 to 2%. In addition, private placement and foreign registration allowed the fund exemption from S.E.C. and blue sky registration.

One of the fund's highlights being that Asher Rubinstein represented a principal in establishing an international co-investment fund based in New York, London and Dubai. The fund will make investments in private equity buyouts, real estate, aerospace and other sectors. It has also been capitalized by various onshore and offshore investment sources, including "sovereign wealth," i.e., investment by a foreign government.

In addition, Kenneth Rubinstein and Asher Rubinstein represented United States-based principals and foreign- based managers of an investment fund dedicated to investments in the insurance se......................

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