HSBC fund launch

HSBC is launching a pan European absolute return fund called HSBC European Absolute Limited for institutional and retail investors. The Guernsey-based fund will hold a diversified portfolio of between 20 and 30 hedge funds invested in European and UK markets.

Paul Dunning, chief executive officer of HSBC Republic, and a team of 10 managers, all based in London, will manage the fund.

Retail investors can purchase HSBC European Absolute shares directly or through IFAs. The offer period is expe

To continue reading...