HSBC Launches Activist FoF

Mar 7 2007 | 11:17am ET

HSBC Management Guernsey has launched the HSBC Special Opportunities Fund, a fund of funds, with US$299 million in assets.

The fund, designed for investors with a long-term investment horizon, focuses on activist and turnaround specialists, as well as event-driven, merger arbitrage, distressed and equity long/short shops, according to the firm. Its portfolio is relatively concentrated, with some 20 managers at launch.

“There is currently a good market opportunity for this style of investment. More hedge funds are taking an activist style of investing,” said Jamie Murray, global head of institutional business development at HSBC Alternative Investments, the FoF’s investment adviser.

“Many hedge funds are launching funds with or applying longer lock-ups, and the current investment environment is benefiting many managers in the event-driven area, such that many saw good performance in 2006.”

HSBC manages some $38 billion of client assets currently invested in hedge funds as of the end of December 2006.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of