Reuters UK – HSBC Halbis fund manager Jim Dunsford is favouring trades exploiting price discrepancies, rather than big bets on market movements, because he believes markets are still in unknown territory.

Dunsford manages the 100 million euro (85 million pound) Halbis Global Macro fund, which uses hedge fund-style techniques to try and make money in all environments.

"We prefer non-directional, relative value bets. We’re living in a very unusual environment and directional bets are risky," Dunsford told Reuters.

Read Complete Article

Tags: 100-million, dunsford, environments, global macro, halbis, hedge fund, hsbc, money, price discrepancies, relative-value, reuters, style techniques, trades, unknown territory, value bets

Reuters UK – HSBC Global Asset Management says it is finally seeing inflows into some of its hedge funds and believes it may have reached a "tipping point" after a tough period of client withdrawals.

Bill Maldonado, head of alternative investments at the firm’s active investment arm Halbis, said in an interview that the wider hedge funds industry was likely to be seeing a similar stabilisation in flows.

"We saw a lot of redemptions in the fourth quarter of last year, we saw far fewer redemptions in the first quarter of this year, and we’re now just seeing the first net inflows into some of our strategies, and I suspect that’s fairly typical," Maldonado said on Thursday.

Read Complete Article

Tags: alternative investments, first quarter, fourth-quarter, global asset management, halbis, investment-arm, redemptions, reuters, tipping point, withdrawals