HSBC absolute return fund celebrates its first anniversary


The HSBC GIF GEM Equity Absolute Return UCITS Fund has marked its first anniversary with a 7.1% return.

Launched on 16 April 2010, the $30.1 million fund is jointly managed by Omar Negyal (pictured) and Nick Timberlake. The managers have a combined three decades of investment experience in global emerging market equities.

Omar Negyal from HSBC

The fund is a high-conviction long/short portfolio. The investment process is driven by a highly-disciplined approach to stock picking, using combined profitability/valuation metrics for both long and short equity selection.

Negyal and Timberlake monitor a universe of approximately