FoF Manager Gascoigne Leaves HSBC

Mar 6 2012 | 2:41pm ET

The former manager of HSBC’s GH fund of hedge funds left his post last month, in the wake of the banking group’s decision to merge its discretionary and advisory businesses.

Tim Gascoigne’s departure was confirmed for Reuters by a bank spokeswoman. Gascoigne, who was global head of portfolio management, ran the $2.4 billion fund of funds at HSBC Alternative Investments Limited.

HAIL, with $7.8 billion AUM, manages funds of hedge funds, private equity and real estate. Gascoigne oversaw about $4 billion of the $38 billion HSBC manages in alternative investments.

Faraz Sultan, the head of the banking group’s advisory business, will now take charge of the combined advisory/discretionary business.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...