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HSBC starts high net worth and institutional share classes for the Next Generation Fund

Wednesday, February 15, 2012
Opalesque Industry Update - HSBC announces the launch of High Net Worth & Institutional share classes for the HSBC Next Generation Fund.

As one of the largest investors in hedge funds globally, HSBC is utilising the experience garnered in over two decades of hedge fund research and portfolio management to bring the next generation of hedge fund talent to our clients.

The HSBC Next Generation Fund invests in new and upcoming hedge fund managers globally aiming for an annualised target return of 12% to 15% over a market cycle with target volatility of 8% to 10%. The Fund offers monthly liquidity.

The HSBC Next Generation Fund is a concentrated portfolio comprising of 10 to 15 emerging managers investing across all hedge fund strategies. The underlying managers must have sound industry reputation and a proven track record at investment banks and established hedge funds. Initial investments include new funds Avantium Liquid EM Macro managed by Kay Haigh and Apson Global Fund managed by Edouard Salet.

Initially launched in September 2011 to Founder Investors the HSBC Next Generation Fund has approaching $100million in assets under management.

The HNW share class welcomes investments of USD 25,000 / EUR 25,000 and above. The Institutional share class has a minimum investment threshold of USD 2,500,000.

Evidence of successful “Day 1” or early stage investing includes Brevan Howard, Lansdowne UK and DE Shaw Oculus, all of whom are now established industry participants and mostly closed to new investment.

Commenting on the launch of the new share classes, which opens the Fund to a wider investor universe, Peter Rigg, Global Head of HSBC’s Alternative Investment Group said:
“HSBC has been researching emerging managers for many years, and we have an established track record of investing in some of the best new managers in the industry. This Fund provides our clients with direct access to a new generation of hedge fund managers combined with our proven track record in due diligence and portfolio management”

(press release)

HSBC Alternative Investments Limited (HAIL) is the dedicated unit responsible for Hedge Funds, Private Equity and Real Estate offerings across the HSBC Group globally. HAIL’s 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.

As at June 2011, HAIL was ranked one of the largest hedge fund investor worldwide, by Investhedge Billion Dollar Survey with over $29.78bn 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.


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