HSBC Global Asset Management has launched a leveraged version of its flagship Global Macro absolute return fund.
The HSBC GIF Global Macro II fund is a Ucits III Luxembourg Sicav managed using the same investment process as the original $847.5m (£524m)Global Macro fund. HSBC GIF Global Macro was launched in 2007 for co-managers Guillaume Rabault and Jim Dunsford, who will also run the new portfolio. The aim of the fund is to exploit pricing anomalies within a range of asset classes including equities, bonds and currencies, using a combined qualitative and quantitative strategy. Rather than using conventional gearing, Global Macro II will double up all the positions of the existing fund, the...
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