Harcourt launches Canadian onshore FoF

Date: Monday, October 16, 2006
Author: Opalesque.com

Harcourt is pleased to announce the successful launch of the Belmont Dynamic Growth Fund, Harcourt’s first onshore fund of hedge funds product structured specifically for Canadian investors. Having experienced a strong demand in the Canadian market, Harcourt has aligned itself with the Royal Bank of Canada to offer a superior product solution. Belmont Dynamic Growth Fund was launched on the 1st of August, aiming for superior risk adjusted returns by investing in existing Belmont fund of hedge fund managers with proven long-term performance records. Presently, the portfolio is tactically positioned having exposure to Asia, Europe, US Long/Short Equity, Fixed Income and Market Neutral strategies. Belmont Dynamic Growth fund offers share classes denominated in both CAD and USD and is available on the Canadian FundSERV platform. Harcourt AG is one of the globally leading providers of hedge fund solutions for institutional investors. Founded in 1997, the company is located in Zurich with branches in New York, Geneva, Stockholm, Madrid and Hong Kong. Harcourt currently manages USD 4.1 bn with a staff of over 70. Harcourt is exclusively focused on hedge funds, clients include the City of Zurich Pension Fund, Novartis, Barclays and Sumitomo Mitsui Asset Management.