HSBC Republic has launched its first capital guaranteed fund of hedge funds. HSBC Alternative Weal...
HSBC Republic has launched its first capital guaranteed fund of hedge funds. HSBC Alternative Wealth Protector is a multi-featured investment vehicle which offers a combination of capital guarantee at maturity and exposure to a selection of hedge funds. Minimum investment into the fund is $10,000, with a front-end charge of 3%. The management fee is 1.7% pa plus 1.75% pa to cover the cost of the capital guarantee. The fund also allows for a performance fee of 10% on any outperformance of the dollar three-month Libor plus 3% on a high watermark basis, accrued monthly and paid annu...
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