Harcourt Investment Consulting, the Switzerland-based global alternative investment solutions provider, says its assets under management remained nearly unchanged at USD 3.9bn as of 30
Harcourt Investment Consulting, the Switzerland-based global alternative investment solutions provider, says its assets under management remained nearly unchanged at USD 3.9bn as of 30 June 2009.
AUM as of 30 December 2008 was USD4.0bn.
During the course of the first quarter 2009 Harcourt experienced redemptions predominantly from retail investors.
During the second quarter 2009 the firm was able to acquire assets from existing as well as from new clients.
The firm successfully launched the Belmont (Lux) Recovery fund, a diversified fund of hedge funds dedicated to credit and distressed assets, and acquired several new customized mandates.
Harcourt’s outlook for the second half of 2009 remains positive.
