HSBC Asset Management has launched the first authorised fund of hedge funds in Hong Kong, the HSBC Global Strategy Hedge Fund. The fund will primarily invest in equity hedge funds with a longshort strategy. The number of funds in the portfolio will vary, but will be around 40. Up to 30% of the fund of hedge fund could be invested in strategies other than equity longshort. These strategies could include global macro or arbitrage.
HSBC Asset Management is the representative of the fund in Hong Kong and is responsible for marketing and distribution. HSBC Republic, HSBC's private banking arm, is the fund manager and advisor. The fund will be sold...
