HSBC Halbis Partners has launched a distressed debt fund. The HSBC Distressed Opportunity fund, ma...
HSBC Halbis Partners has launched a distressed debt fund. The HSBC Distressed Opportunity fund, managed out of New York by Kim Golden aims to generate absolute returns with low volatility. The portfolio was backed at launch by $50m (£27.63m) of HSBC investment capital. Golden, who will be assisted on the fund by Noel Hebert, already manages distressed debt strategies in the HSBC multi-strategy fund and the new vehicle will mirror opportunities employed in this portfolio. Golden, who is also the managing director at HSBC Halbis Partners, said: "The default rate in the distressed mark...
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