HSBC targets retail investors with hedge fund

HSBC Investment Bank has become the latest institution to launch a hedge fund aimed at the retail market.

The firm is launching HSBC European Absolute, a pan-European absolute return fund for institutional and retail investors seeking equity-like returns and bond-level risk. The fund of hedge funds, which will be managed by HSBC Republic Investments, the international private banking business, also qualifies as a retail individual savings account.

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