Fri, Nov 27, 2015
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


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. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. People - Solus Alternative Asset Management adds chief strategist from BTIG[more]

    From Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist. He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen

  3. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  4. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega

  5. More institutional investors invest in CTAs compared to last year despite dissatisfaction with performance[more]

    Benedicte Gravrand, Opalesque Geneva: "Despite a strong start to 2015 for CTAs in Q1, commodity market conditions have made return generation difficult for fund managers over much of the rest of the year to date," says Preqin’s November