HSBC adds to hedge fund range with first capital guaranteed fund

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...