Harcourt targets $5 billion AUM for commodity fund
The alternatives arm of asset manager Vontobel aims to hit capacity for the product within five years with the help of sales through private banks in Asia.
Swiss alternatives fund house Harcourt achieved a five-year track record for its Belvista Commodity Fund in early April and aims to hit its AUM capacity of $5 billion, up from its current $1 billion, within the next five years.
One way of doing this will be to attract more assets from Asian clients, notes Ulrich Behm, Asia CEO of Swiss asset manager Vontobel, which owns Harcourt. “We will now focus on selling to private banks in Hong Kong and Singapore,” he adds. “At present more …
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