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From Komfie Manalo, Opalesque Asia:
Zurich, Switzerland based Harcourt Investment Consulting AG saw its assets under management (AuM) rise to $4.8bn on strong returns and fresh inflows, mostly from institutional investors.
In its quarterly report, Harcourt disclosed that the firm attracted significant inflows from Swiss and German investors, particularly renowned pension funds and high profile institutional investors from Germany and Austria. However, the company did not disclose the names of the companies which gave them fresh mandates.
It added that new mandates were also generated from established investors from the Nordic area.
At the same time, Harcourt completed strategic alliances with Duff & Phelps, and WR Managed Accounts to develop a combined offering in the managed accounts space. The
combination of the skills and talents of these three companies will help Harcourt to unlock significant business potential and provide all of our clients with a unique offering for state-of-the-art managed account investment solutions.
Looking ahead, Harcourt said it expects the global economy to grow between 3% and 5% this year.
"At the same time we foresee increasing dispersion between the regions with Emerging Asia leading and Europe, in particular peripheral Europe, lagging. On the back of this constructive growth ...................... To view our full article Click here
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