Investment Strategies
HSBC Absolute Return UCITS Fund Given German, French Passports
The HSBC UCITS AdvantEdge Fund, an absolute return product launched last October which raised a total of $170 million, has been passported for France and Germany, HSBC said.
The fund currently offers six share classes for general distribution: euro, dollar, euro institutional and dollar institutional, sterling and sterling institutional. All these share classes comply with the UK reporting tax regime for offshore funds, allowing UK investors to be taxed at capital gains rather than income tax rates on disposal of their interests.
The fund is managed by
HSBC Alternative Investments. The fund combines a variety of
strategies: discretionary macro, equity market neutral, managed
futures, event driven, global quantitative and equity long/short.
