HSBC Alternative Investments has extended the HSBC GH Fund of Hedge Funds to clients holding offshore renminbi deposits, HFMWeek reports. The new share class will be the first renminbi fund of hedge funds offering.
The fund already offers currency classes hedged in Euro, Sterling, Swiss Franc, Singapore Dollar, Japanese Yen and Australian Dollar, adds International Business Times. The HSBC GH Fund had $2.6billion in asset under management at the end of March this year.
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