HSBC GAM chief: Why we have not done super clean deals

HSBC Global Asset Management's chief executive Andy Clark is ruling out introducing preferentially priced share classes, saying they are akin to "endorsements" of individual platforms.

Although Clark (pictured) said a move to launch super clean share classes could be possible in the future, he said he is not comfortable introducing the practice at the current time. "If you are doing super clean, there are a lot of questions to answer. I can see the benefits and I am not against it, but it is a difficult one," he said.  "We are very cautious about who we partner with, and doing super clean is almost giving an endorsement to a particular firm." A spate of fund groups have launched preferentially priced share classes post RDR, as regulators put pressure on them to c...