HSBC China’s local private banking clients can now invest in hedge funds through a new trust plan issued by China Resources SZITIC Trust Company, according to a report by Fund Selector Asia.
Pinpoint Private Fund Management, which has has been collaborating with HSBC for more than 10 years, is the manager of the underlying fund.
HSBC’s says its aim is to provide eligible investors with alternative investment options to achieve a more diversified asset allocation to tackle the impact of market volatility. The bank predicts that demand for alternative assets will grow as China’s high net worth and ultra high net worth clients become more sophisticated in their approach to asset allocation.
