The alternatives manager is expanding its marketing team as it moves to launch Asia-tilted multi-asset products and a China A-share fund. It has also made staff cuts due to its recent merger with EIM.
HSBC Insurance’s CIO said the asset class is too specialist for many firms to invest in themselves, during a panel at AsianInvestor’s Insurance Investment Summit.
The firm is also looking at allocating more to higher-yielding equity and fixed-income assets, noting how hard it is to achieve target returns these days.
Post-crisis, there is greater pressure on managers of fund managers in Asia to justify their fees and provide more information about the funds they choose.
James Hughes will relocate from London to take up the regional post, replacing Nerida Law who left in July. He also retains his role as global head of multimanager business development.