Mergers & Acquisitions / Joint Ventures

Harcourt moves into South Korea with Daewoo tie-up

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Harcourt Investment Consulting will make an entry into the South Korean alternatives space by offering its hedge fund products there under an agreement with Seoul-based Daewoo Securities.

The deal will also see Harcourt provide hedge fund investment advisory services to South Korean investor groups, including pension and endowment funds.

Harcourt CEO Stephan Fritz noted that the growth prospects for alternative investment products and services in South Korea were “extremely promising”, given the rapid expansion of the nation’s investment fund sector.

Harcourt, the $4.5 billion Swiss fund of funds group, manages a range of hedge fund of funds under the Vontobel, Belmont and Belair product suites. Among them is Belmont Asia,