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Harcourt launches Vonda Ucits Fund

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Harcourt Investment Consulting has launched the Vonda Ucits Fund.

Vonda Ucits combines the performance of hedge fund investments with the benefits of the Ucits framework, which provides EU-regulated liquidity, transparency and diversification guidelines.

The fund aims to produce long term absolute returns, with a target return of Libor + four per cent per annum over a business cycle and a target volatility between six and eight per cent per annum.

The fund focuses on managed futures (CTAs) and global macro strategies, and aims to provide investors with a sound uncorrelated investment alternative in the Ucits hedge fund universe.

The selected strategies invest in the most liquid global markets (mainly futures and currency forwards), and maintain characteristics that are representative of the established benchmark hedge funds while conforming to the Ucits investment guidelines. The fund will invest in 1,015 managers.

Vonda Ucits has initial assets of USD60m and additional commitments of USD50m.

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