Fri, Jul 1, 2016
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 - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  2. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  3. Chesapeake Partners to liquidate hedge fund amidst 'hostile environment'[more]

    Komfie Manalo, Opalesque Asia: Chesapeake Partners Management, the hedge fund run by woman fund manager Traci Lerner said it would return investors’ money after 25 years because the market environment has become "hostile" to manage other people’s money, reported

  4. Europe - George Soros says Brexit has ‘unleashed’ a financial markets crisis, Brexit—what we know, Will the UK’s departure be a ‘soft-Brexit’ or a ‘hard-Brexit’?, Brexit: Six-point action plan for asset managers[more]

    George Soros says Brexit has ‘unleashed’ a financial markets crisis From Bloomberg.com: Britain’s decision to leave the European Union has “unleashed” a crisis in financial markets similar to the global financial crisis of 2007 and 2008, George Soros told the European Parliament in Bruss

  5. Hedge Fund Due Diligence Exchange offers complete due diligence reports at $1500[more]

    Matthias Knab, Opalesque: HFDDX is offering complete alternative investment due diligence reports at $1500 US. Industry professionals can simply go to www.hfddx.com and indicate their interest in sponsoring one or more DD Reports for $1500 each.