Sat, Dec 20, 2014
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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und

  5. Performance - Lansdowne, Man Group, other hedge funds profit from shorts in oil, Turmoil boosts hedge funds that bet against Russia, oil, CTAs post strongest returns since December 2010[more]

    Lansdowne, Man Group, other hedge funds profit from shorts in oil From Valuewalk.com: The rising short interest in oil companies implies that the worst for oil is yet to come. Data from Markit shows that short exposure in energy sector of S&P 500 is still looming close to the highest mar