HSBC Global Asset Management has added an additional sub-advisor to its HSBC MultiAlpha Funds, part of the HSBC Pooled Funds range used within the discretionary World Selection Portfolio service.
Effective March 30, Herndon Capital Management will act as sub-advisor to the HSBC MultiAlpha U.S. Equity Pooled Fund, co-managing the mandate along with Cohen & Steers Capital Management, Los Angeles Capital Management and Equity Research, WestEnd Advisors and Winslow Capital Management.
Sub-advisors of the HSBC MultiAlpha Funds also include AllianceBernstein, Martin Currie, Mawer Investment Management, Picton Mahoney Asset Management, Scheer, Rowlett & Associates Investment Management, Westfield Capital Management Company, Loomis, Sayles & Company, and HSBC Global Asset Management (Canada).
HSBC Global Asset Management is the Canadian business arm of HSBC Global Asset Management. The company has 7,200 offices in over 80 countries and territories, and assets of US$2.556 trillion.