HSBC's Hedge Funds Make Their Way Down Under

Nov 27 2007 | 11:00am ET

HSBC it taking its alternative investment products to the Outback. The firm has launched HSBC Alternative Investments in Australia to distribute funds of hedge funds to local investors.

HAIL Australia will target institutional investors as well as asset consultants and financial advisers, offering multi-manager and multi-strategy funds of hedge funds as well as geography-specific and strategy-specific offerings.

HAIL’s first product to the Aussie market will be the HSBC Australia Special Opportunities Fund, a concentrated fund of funds focused on corporate events, such as mergers, restructurings, stressed and distressed securities, and activist managers. The fund is aimed at investors who are seeking high alpha and who are not concerned with short term liquidity.

“The establishment of HSBC Alternative Investments in Australia supports HSBC’s local strategy of making full use of the HSBC Group’s global strengths and participating in areas where we have a strong competitive advantage in Australia,” said Stuart Davis, CEO of HSBC Bank Australia. “Our strategy sets HSBC apart from other banks in this market – the role we play within HSBC’s global network, combined with our ability to bring HSBC’s global proposition to the Australia.”

HSBC Alternative Investments currently manages some US$47 billion in total assets invested in over a thousand hedge funds.


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

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.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.