Funds of Hedge Funds Wrappers / Structures

HSBC rolls out UCITS AdvantEdge fund to both institutional and retail investors

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HSBC Alternative Investments has launched a sterling class and a sterling institutional class of its HSBC UCITS AdvantEdge fund of hedge funds, allowing both retail and institutional investors to benefit from the performance of the funds as well as tax efficiency for UK investors.

The sterling classes of the HSBC UCITS AdvantEdge Fund will comply with the new 'reporting' tax regime for offshore funds, allowing UK investors to be taxed at capital gains rather than income tax rates on disposal of their interests.

The HSBC UCITS AdvantEdge Fund is a