HSBC Republic unveils hedge funds offering

The broader pension market is being targeted by HSBC Republic Investments which is launching a hedge fund of hedge funds in March. The group, which has operating bases in London, New York and Geneva, is hoping the fund will break the traditional reluctance of UK pension fund trustees to invest in alternative investment strategies. The offering is a sub fund of the group's unit trust umbrella, the HSBC Republic Alternative Portfolio, domiciled in Guernsey, and has a mandate to achieve total returns from selective investments in hedge funds worldwide. Paul Dunning, chief executive of...