An offshore merger arbitrage product leveraged up to 200% on the long side will be launched on 1 August this year
HSBC is planning a series of initiatives and launches for its alternative investments division. These include reopening the $240m UK market neutral product, run by Peter Harnett, and launching a leveraged version of its Global Merger Arbitrage strategy. The group already has $230m in a range of merger arbitrage products but on 1 August it intends to bring out an offshore version leveraged up to 200% on the long side. It is also considering an onshore offering. In addition, the group is assessing the viability of a version that guarantees initial investment only. Tom Weekley, head of me...
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