Sun, Dec 11, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

HSBC Alternative Investments expands flagship Fund of Hedge Funds by launching first offshore Renminbi share class

Thursday, May 05, 2011

Chris Allen
Opalesque Industry Update - HSBC Alternative Investments Ltd today announced the expansion of its flagship HSBC GH Fund of Hedge Funds to clients holding CNH deposits.

The HSBC GH Fund was launched in 1996. This new share class will be the first CNH fund of hedge funds offering, demonstrating HSBCs ability to offer clients investment opportunities that capitalise on the rapid growth of the CNH market.

The GH Fund has delivered strong performance, with an average annual return of the USD share class of 7.49% since inception (net of fees). The fund already offers currency classes hedged into Euro, Sterling, Swiss Franc, Singapore Dollar, Japanese Yen & Australian Dollar. The introduction of the offshore Renminbi is a significant step and reflects the growing internationalisation of the currency and the ever changing needs of investors.

HSBC has attained a leadership position in the CNH market, most recently launching the HSBC Offshore Renminbi (RMB) Bond Index (CNH) in March 2011.

Commenting on the launch, HSBC Alternative Investments Ltd, CEO Chris Allen said:
The launch of this new share class will offer investment opportunities in a burgeoning new market. It demonstrates HSBCs capabilities in bringing customised cross-border solutions to our clients.

The HSBC GH Fund has AUM of $2.6billion as of the end of March 2011.

(press release)

HSBC Alternative Investments Limited (HAIL) is the dedicated unit responsible for Hedge Funds - Institutional mandates and Fund of Hedge Funds for the HSBC Group along with Real Estate and Private Equity investment for HSBC Global Private Banking. HAILs expertise derives from being one of the first firms to advise clients on hedge funds since 1989. HAIL established its first Fund of Hedge Funds in 1995.

End December 2010, HAIL was ranked the second largest hedge fund investor worldwide, by Investhedge Billion Dollar Survey with over $28bn of client assets invested in alternative investments. HAIL has one of the largest proprietary research capabilities, which is of paramount importance, and which enables HAIL to undertake thorough operational due diligence. Source

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Institutions - Texas County & District culls 5 hedge funds, reallocates to existing managers, Kentucky board gives final approval to halve hedge fund portfolio, $38bn Finnish fund moves assets to U.S. as Europe flounders, South Korea’s National Pension Fund holds 5% stake in 62 listed companies[more]

    Texas County & District culls 5 hedge funds, reallocates to existing managers Texas County & District Retirement System, Austin, continues to reduce the number of hedge funds, but not the size of its $6.2 billion hedge fund portfolio. It will redeem a total of $760 million from five hedg

  2. Opalesque Roundtable: Australian family offices search for good risk adjusted returns, happy to pay for skill[more]

    Komfie Manalo, Opalesque Asia: Australian family offices want foremost good risk adjusted returns, and they are happy to pay for the skill, and in some cases, the limited capacity of an active manager. Jonas Daly, Head of Distribution at B

  3. StepStone announces close of Swiss Capital acquisition[more]

    StepStone Group LP announced it has successfully closed the acquisition of Swiss Capital Alternative Investments AG, one of the leading private debt and hedge fund solutions providers in Europe. The transaction was originally announced in May 2016, and has been in the process of receiving regulatory

  4. Investing - Stephen Cohen investing $275m in free clinics treating veterans' mental health issues, California Resources loses favor with hedge funds[more]

    Stephen Cohen investing $275m in free clinics treating veterans' mental health issues From Healthcarefinancenews.com: …Now, a new chain of free mental health clinics for vets has opened in five cities across the United States to fill the gap. The much-needed new treatment is underwritten

  5. Hedge funds flat in last week of November 'in sympathy with markets’[more]

    Komfie Manalo, Opalesque Asia: Hedge funds were close to flat in the last week of November in sympathy with markets, which took a pause ahead of the OPEC meeting and Italian referendum. The Lyxor Hedge Fund Index was -0.1% as of end November 29 (-1.7% YTD), according to the latest