Nuveen Investments, a provider of investment services to institutions and high-net-worth investors, is forming a strategic relationship with Zurich-based fund of hedge funds manager Har
Nuveen Investments, a provider of investment services to institutions and high-net-worth investors, is forming a strategic relationship with Zurich-based fund of hedge funds manager Harcourt Investment Consulting.
Through this relationship, Nuveen will distribute a spectrum of Harcourt alternative investment strategies including multi-manager and multistrategy as well as style- and country-specific products.
‘We are pleased to establish this relationship with Harcourt, because we can provide additional access to alternative investment strategies to institutional and high net worth clients,’ says Mark Anson, president of Nuveen Investments.
‘This agreement strategically aligns goals for both organisations, as Nuveen gains access to additional alternative investment capabilities and expertise, and Harcourt broadens its presence in the US.’
Marcel Herbst, managing director of Harcourt Alternative Investments, says: ‘We are pleased to be working with Nuveen Investments on our efforts in the US. Nuveen possesses a reputation for investment excellence, a proven track record in various assets classes, and through its subsidiaries, existing exposure to alternative investments.’
Founded in 1997, Harcourt Investment Consulting is a provider of alternative investment solutions for institutional investors with headquarters in Zurich and offices in New York, Hong Kong, Stockholm, Geneva, Madrid and the Cayman Islands. Majority owned by Vontobel Group, Harcourt managed USD5.5bn and employed 80 staff in mid-2008.
Nuveen Investments markets specialised investment solutions under the HydePark, NWQ, Nuveen, Rittenhouse, Santa Barbara, Symphony and Tradewinds brands. In total, the company managed USD134bn of assets at the end of September.
