Societe Generale Private Banking, together with Rockefeller Financial, has launched Moorea Fund - Societe Generale Rockefeller US Equity, a sub-fund of Moorea Fund, a Luxembourg-registered Sicav.
The new fund, which will be managed in New York by Rockefeller Financial, is authorized for distribution in Belgium, France, Luxembourg and Switzerland and will be denominated in US dollars. It is intended for individual investors seeking capital appreciation over the medium to long-term.
According to Societe Generale Private Banking, the investment objective of the fund is to outperform the S&P 500 Index over a sliding three year period. The investment universe comprises mainly US large-capitalization companies with the portfolio holding on average 35 to 50 high-conviction stocks.
Moorea Fund – Societe Generale Rockefeller US Equity provides access for Societe Generale Private Banking clients to the expertise of Rockefeller Financial in wealth management dedicated to wealthy clients and family offices.
The launch reflects one of the objectives of the alliance formed in 2008 between Societe Generale Private Banking and Rockefeller Financial, which is to cooperate in the development of services and offerings for high net worth clients and family offices.