HSBC’s Next Generation Fund, which has an AUM of around US $100m, is a concentrated portfolio comprising of 10 to 15 emerging managers investing across all hedge fund strategies.
The fund offers monthly liquidity and aims for an annualized return of 12-15% over a market cycle with target volatility of 8-10%.
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Based on a concentrated portfolio, the fund comprises 10-15 emerging managers investing across all hedge fund strategies.
HSBC said that the underlying managers must have sound industry reputation and a proven track record at investment banks and established hedge funds.
The HNW share class is open to investments of US $25,000 and above, while the institutional share class has a minimum investment threshold of US $2,500,000.
"This fund provides our clients with direct access to a new generation of hedge fund managers combined with our proven track record in due diligence and portfolio management" said HSBC global head of its alternative investment group Peter Rigg.
