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Fund Profiles: Swiss SRI FoHFs looking for new institutional investors, to add new managers to portfolio, Following last summer`s losses, quants are pressing into new realms of science in an effort to prosper again, how Thales does it

Tuesday, April 08, 2008

Opalesque Exclusive: Swiss SRI FoHFs looking for new institutional investors, to add new managers to portfolio The Swiss fund management company Harcourt, together with the Swedish insurance company Folksam and the Norwegian insurance company Storebgrand, created one of the first SRI funds of hedge funds in November 2007, reported Swiss paper Le Temps yesterday.

“We selected 15 managers for this multi-strategy and multi-manager fund,” fund manager Mommaso Ferrazzo told Le Temps from his Geneva offices. The Belair Sustainable Alternatives SRI Fund’s portfolio was launched with $200m, and Harcourt, the FoHF manager linked to the Vontobel Group, is looking for new institutional investors. “We have already identified new managers who correspond to our criteria and we hope to add between five and six managers to our portfolio by year-end”. The growing popularity of SRI funds should facilitate this project.

The investment universe is the MSCI World index minus the firms which are involved with tobacco, alcohol, armament, gambling, non-respect to human rights… Environmental criteria might include fossil fuels and nuclear energy. The underlying hedge funds’ SRI principles are verified every 3 month.

The Belair Sustainable Alternatives SRI fund’s BB share class (US$) is domiciled in Luxembourg and has returned 2.6% since November 07 inception to February 08.

Harcourt Investment Consulting AG announced last month that assets under managem......................

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