Harcourt Investment Consulting's assets under management in the first half of 2006 increased by 29% from USD 3.1 billion to USD 4.0 billion.
The asset increase of USD 900 million derives from existing as well as from new clients, with the majority of the inflows originating from institutional clients. As of 30 June 2006, institutional investors accounted for USD 3.4 billion compared with USD 2.65 billion at the end of 2005.
For the second half of the year Harcourt is expecting a positive continuation of its AuM development.
Background note: Switzerland-based 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 4.0bn with a staff of over 65. Harcourt is exclusively focused on hedge funds and has an excellent track record of superior risk adjusted returns. Clients include the City of Zurich Pension Fund, Novartis, Barclay's and Sumitomo Mitsui Asset Management. For further information, please visit www.harcourt.ch