HSBC Global Absolute is set to reveal details of corporate action to be taken within the next two weeks, after its board announced a strategic review of the $100m listed fund of hedge funds.
Fund positioned to capitalise on ongoing recovery
HSBC UK Focus manager selling out of stocks that are susceptible to government cuts
HSBC GIF Indian Equity fund manager Sanjiv Duggal says the country's recent Budget has benefited infrastructure and consumption stocks but an rise in excise duty could make markets jittery.
The City's leading investment banks are falling over themselves to get a slice of the $700m in fees on offer from Prudential's record $21bn rights issue.
The FTSE has risen by 0.5%, or 27.8 points to 5342.92 today, buoyed by unexpectedly cheery news for banks.
HSBC Global Asset Management is to launch a pair of ETFs tracking emerging market indices.
Axa Ethical Distribution fund manager Richard Marwood has added to financial stocks this month and offloaded almost all traditional gilts on concerns of inflation.
Several milestones in the exchange traded funds (ETF) industry are expected in 2010, with global assets under management having recently passed $1trn and the 1,000th product likely to launch soon