HSBC Securities Services and HSBC Prime Services have won a hedge fund RMB mandate, The Hedge Fund Journal reports. The firms will provide fund administration, valuation and prime services to a new RMB denominated hedge fund, managed by CITIC Securities International Fund Management.
The new fund, launched in mid June, will initially make investments in offshore RMB related securities in Greater China. The product will be advised by CITIC Securities International Investment Management (HK) and be open to professional and institutional investors through USD, HKD and RMB share classes.
Click here for the story from The Hedge Fund Journal.
