HSBC Asset Management on 31 March 2025 announced the launch of the HSBC GH Luxembourg Fund. This new hedge fund strategy is a “fund of hedge funds” that aims to offer access to multiple hedge funds or managers in a single fund, a press release explained. The portfolio will mostly allocate to the flagship hedge fund strategy HSBC Global Hedge Fund, which invests in 28 underlying funds that use a range of alternative strategies, including global macro, arbitrage, event-driven strategies and long-short equity on a regional, global or sectoral basis.

“With continuing uncertainty pervading global markets, investors are expanding their avenues for returns and seeking greater exposure to asset classes which traditionally benefit from choppier markets,” commented HSBC AM senior investment specialist Tim Gascoigne. “The HSBC GH Luxembourg Fund further expands our European distribution coverage following consistent client feedback from the region seeking exposure to alternative strategies.”

The new Luxembourg-domiciled fund is available to institutional and wholesale investors in Belgium, France, Italy, Luxembourg, the Netherlands, Spain and Switzerland, said the firm. HSBC Asset Management’s alternatives business counted $73.8bn of combined assets under management and advice as of 31 December 2024.