LONDON (–HSBC Alternative Investments Ltd. hired two new fund managers at the end of last month to manage a soon-to-launch market-neutral fund.

Vincent Bourgeois and Michael O’Mara will co-manage the new European equity market-neutral fund that will launch later this year. Both men joined HSBC from U.K.-based Bessent Capital, where Mr. Bourgeois was managing director equity research and Mr. O’Mara was a financial analyst.

HSBC Alternative Investments Ltd. has plans to grow its alternatives business in the next year. The firm currently has three strategies under management and US$500 million in assets.