NEW YORK (HedgeWorld.com)–The first two months of the year brought a 20% increase in assets for HSBC GH Fund, from US$500 million to US$600 million.
A fund of funds diversified across strategies and worldwide markets, HSBC GH is a sub-fund within a unit trust umbrella that has been authorized in Guernsey. It is registered for sale in various jurisdictions including Japan, Switzerland, Singapore, Lebanon, United Arab Emirates, Bahrain, Jordan, Qatar and Oman.
According to the firm, during January and February US$100 million in new subscriptions came into all currency classes of the fund, including US dollar, euro hedged, Swiss franc hedged and sterling hedged shares, as well as into the leveraged class.
The vehicle is managed by HSBC Republic Investments Ltd., part of the banking group, and offers monthly liquidity with no redemption charge. Paul Dunning, chief executive of HSBC Republic Investments, in a statement attributed the recent inflows to the product’s standing as a well-established and diversified fund of funds with a strong investment track record.