HSBC Open range to extend

The range, which will initially feature the Open Global Return and Open Global Distribution funds launched on November 9, will be boosted by two more global offerings which will have higher target returns than the initial products. The opening duo of funds will operate using a NURS structure and have the ability to invest in private equity and hedge funds, but they will each have a different structure. The Open Global Return product, headed by James Hughes, will be based in the IMA Balanced Managed sector. The manager expects to hold 37pc in fixed income, 31pc in global equity, 11pc i...