Harcourt Investment will offer a UCITS III compliant fund of hedge funds on June 1. The fund will target return of Libor plus four percent (over five years) with a target volatility of 6%–8% per year. The fund’s investment manager is Vontobel Europe with Harcourt Investment Consulting as its sub-adviser. The management fee is 75bp for institutional investors and 1.5%…

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