WEST PALM BEACH, FL (HEDGECO.NET)- HSBC Republic Investments is set to unveil new hedge fund vehicles, the new funds would utilize long/short investment philosophy to accomplish absolute return toinvestors in the fund. The new product is to be launched on February 27 according to the released statements, fund managers would employ leveraged and unleveraged strategies, through superior stockselection, investing in a range of HSBC AdvantEdge funds.
Through the unleveraged strategy, the statement continued, the HSBCAlpha AdvantEdge fund, will primarily invest in the emerging markets as well as in the United States, Europe Asia, and Japan. The leveraged strategy, the HSBC Alpha AdvantEdge Limited, would be an open-ended OEIC, domiciled in Guernsey, according to the statement.
The HSBC new products would carry a minimum investment of $50,000, fee structure for the new funds were not immediately available. The new funds would have an initial two year lock-up period, after the lock-up period, fund investors may withdraw assets on a monthly basis.
HSBC Republic is the international private banking division of the HSBC Group. HSBC Republic provides private banking and trustee services to high net worth individuals and their families through 35 locations in the Americas, the Asia-Pacific region, Europe and the Middle East, and had client assets under management in excess of US$170 billion at 30 June 2002.
Headquartered in London, HSBC is one of the largest banking and financial services organizations in the world. HSBC’s international network comprises over 9,500 offices in 79 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
