HSBC is preparing to launch fund of fund products into the UK market during 2003. It is in the pro...
HSBC is preparing to launch fund of fund products into the UK market during 2003. It is in the process of incorporating a separate company, HSBC Multimanager, which will sit outside the core asset management division and be headed up by Simon Moules. Dean Buckley, chief executive of HSBC Asset Management Europe, said the group would begin with funds of funds but would look to add in manager of managers at a later stage. HSBC Multimanager will be a global business, comprising the various multi-manager capabilities which at present sit within the regional asset management businesses. ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes