HSBC targets institutional and pension market

HSBC Republic Investments is launching a hedge fund of hedge funds this month aimed specifically at the institutional and pension fund market.The objective of the sub fund of the unit trust umbrella HSBC Republic Alternative Portfolio, domiciled in Guernsey, is to achieve total returns from selective investments in hedge funds worldwide. The fund will feature a 1%pa charge with the fees of the underlying portfolio already built into the NAV.Typically, HSBC Republic charges 1.75%pa for its fu