Societe Generale Private Banking and Rockefeller Financial have launched the Moorea Fund - Societe Generale Rockefeller US Equity, a sub-fund of the 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 dollars. It is intended for individual investors seeking capital appreciation over the medium to long-term, a statement from SocGen said.

According to SocGen 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.

The deal is an example of how the two firms – which forged an alliance in 2008 – are linking up to offer specific services to clients. As at the end of March this year, Rockefeller held $26 billion assets under administration, with about 266 client relationships and 235 employees.