5 May 2011
HSBC Alternative Investments has announced the expansion of its flagship HSBC GH Fund of Hedge Funds to clients holding CNH deposits.
The HSBC GH Fund was launched in 1996. This new share class will be the first CNH fund of hedge funds offering, demonstrating HSBC’s ability to offer clients investment opportunities that capitalise on the rapid growth of the CNH market.
The GH Fund has delivered strong performance, with an average annual return of the USD share class of 7.49% since inception (net of fees). The fund already offers currency classes hedged into Euro, Sterling, Swiss Franc, Singapore Dollar, Japanese Yen & Australian Dollar. The introduction of the offshore Renminbi is a significant step and reflects the growing internationalisation of the currency and the ever changing needs of investors.
The HSBC GH Fund was launched in 1996. This new share class will be the first CNH fund of hedge funds offering, demonstrating HSBC’s ability to offer clients investment opportunities that capitalise on the rapid growth of the CNH market.
The GH Fund has delivered strong performance, with an average annual return of the USD share class of 7.49% since inception (net of fees). The fund already offers currency classes hedged into Euro, Sterling, Swiss Franc, Singapore Dollar, Japanese Yen & Australian Dollar. The introduction of the offshore Renminbi is a significant step and reflects the growing internationalisation of the currency and the ever changing needs of investors.
Commenting on the launch, HSBC Alternative Investments Ltd, CEO Chris Allen said: “The launch of this new share class will offer investment opportunities in a burgeoning new market. It demonstrates HSBC’s capabilities in bringing customised cross-border solutions to our clients.”
