LONDON (HedgeWorld.com)–Philippe Huber, Alex de Korodi and Daniel Del?chat will launch a new Japanese equity market-neutral fund for HSBC Alternative Investments Ltd.
The team will be lead by Mr. Huber and will be based in London. All three join HSBC from Mizuho Bank, Zurich, Switzerland, where they ran a Japanese equity proprietary portfolio.
The Japanese Market Neutral Fund is the second of a planned rollout of several new funds in 2003, which began with the HSBC Continental European Market Neutral Fund in January. The European fund opened with US$10 million in seed capital with plans to reach a target size of US$400 million. Portfolio managers Vincent Borgeois and Michael O’Mara were hired in 2002 in advance of the launch.
Bill Maldonado, chief executive of HSBC Alternative Investments Ltd., described the latest hires in a statement: “The mixture of skills in this new team and the extensive track record and experience of the individuals will enable us to deliver a high quality product to our customers.”