Fri, Feb 12, 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. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  2. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  3. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  4. Investing - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  5. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise