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By the Opalesque Team: According to a press release issued by Swiss alternative fund manager Harcourt this morning, the group is now part of Vontobel’s Swiss private bank, it has appointed a new CEO, has experienced a limited level of redemptions last year and the arrival of new mandates this year.

Stephan Fritz appointed as new CEO of Harcourt The Board of Directors of Harcourt Investment Consulting AG, a global provider of alternative investment solutions, appointed Stephan Fritz (44) as new CEO of Harcourt per 1 March 2009.

Stephan Fritz has been a member of the Executive Board since 2006 and was most recently responsible for the Research department at Harcourt. He has a broad and international investment expertise as well as extensive experience in the hedge fund industry.

The present CEO Peter Fanconi has been appointed as Head Private Banking of the Vontobel Group and becomes member of the Group Executive Board. Peter Fanconi will remain a member of the Board of Directors of Harcourt. Harcourt will continue to act independently as a boutique for alternative investment solutions.

Harcourt experienced some redemption, acquired new mandate in ‘09 Due to a prudent investment policy, Harcourt experienced redemptions below the industry average. This is reflected in the assets under management of US$4bn by the end of December 2008 (previous year US$5.5bn). As a result Harcourt remained profitable for the year 2008......................

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