Monday, 22 December 2014
Last updated 20 min ago
Apr 12 2010 | 7:37am ET
HSBC Global Asset Management is launching a UCITS III-compliant emerging markets hedge fund.
The firm will seed the new HSBC GIF GEM Equity Alpha Fund with US$20 million and hopes to raise US$100 million for it this year.
The fund, set to launch this month, is targeting annual returns of 10% to 15%; its portfolio will include an equal number of long and short names, roughly 35 each.
HSBC has entrusted the new fund to managers Omar Negyal and Nick Timberlake. Negyal joined the firm last year from Lansdowne Partners.
“The HSBC GIF GEM Equity Alpha Fund is a high-conviction long/short portfolio,” Negyal said. “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 GIF GEM fund will charge 1.5% for management and 20% for performance above Libor. It has a minimum investment requirement of US$5,000.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.