Sat, Jan 21, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

HSBC Global AM to launch UCITS III absolute return global emerging markets fund this month

Tuesday, April 06, 2010
Opalesque Industry Update - The HSBC GIF GEM Equity Alpha Fund, which offers daily liquidity, will target annual returns of 10-15% based on approximately 10% volatility with limited market correlation.

The fund will be jointly managed by Omar Negyal and Nick Timberlake, who together have a combined three decades investment experience in global emerging market equities.

Negyal, who has more than 10 year’s experience in GEM equities, joined HSBC Global Asset Management in 2009, from hedge fund specialist Lansdowne Partners, where he spent three and a half years as a senior member of the team managing long/short Global Emerging Markets funds. Prior to that he spent seven years at F&C where he was a member of the Emerging Markets Asian team. Before joining HSBC in 2005, Timberlake, who has been in fund management for almost 20 years, worked for F&C Asset Management.

In addition to their own expertise, the managers will be supported by the London based HSBC GEM Equities management and trading team, as well as by the wider HSBC Emerging Markets research network, consisting of more than 40 investment professionals.

With the HSBC GIF GEM Equity Alpha Fund, Negyal and Timberlake will monitor a universe of approximately 700 stocks, selected from across MSCI Emerging Market nations and certain MSCI Frontier Markets. Together they will run approximately 35 long and 35 short stock positions, aiming to generate alpha on both sides of the portfolio.

Negyal says: “The HSBC GIF GEM Equity Alpha Fund is a high-conviction long/short portfolio. The investment process is fundamentally driven by a highly disciplined approach to stock picking, using combined profitability/valuation metrics for both long and short equity selection.”

The fund forms part of HSBC Global Asset Management’s Luxembourg-domiciled Global Investment Funds (GIF) range, which is available for sale in around 35 countries.

The minimum investment in the HSBC GIF GEM Equity Alpha Fund is US$5,000 for the retail share class and US$1 million for institutional while the annual management charges are 1.5% and 1% respectively. There is a performance fee of 20% over the fund’s benchmark.*

The new fund represents the latest addition to the stable of UCITS funds offered by HSBC Global Asset Management. Existing capabilities include the HSBC GIF Global Macro, HSBC GIF Global Currency, HSBC GIF Global Bond Market Neutral funds and the HSBC GIF European Alpha Fund.

HSBC Global Asset Management is one of the largest managers of emerging market assets globally, with US$90billion under management in this asset class (as at end December 2009).

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 - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised