MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, April 7, 2005 HSBC Swipes Team for New 'Alpha' Fund Line HSBC has hired away a group of seven New York-based high-yield managers from Credit Suisse Asset Management for its new "alpha" fund unit called HSBC Halbis Partners. Richard Lindquist and fellow CSAM colleagues Misia Dudley, Philip Schantz, Mary Ann Thomas, John Tobin, John Dessauer and Michael Dugan have all jumped ship to start up HSBC's first U.S. high-yield team, HSBC announced on Thursday. Lindquist, CSAM's new managing director and head of U.S. high yield, reports to Gregg Diliberto, global head of fixed income for HSBC. Lindquist will work with Diliberto in the Halbis venture. The Halbis group will offer a mix of actively managed products, spanning fixed income, alternative, hedge, European, derivatives, global and specialist emerging markets, said Stephen Cohen, an HSBC spokesman. Most of the products will be in mutual fund form, with a small alternative product line, said Cohen. HSBC Investments is still obtaining the necessary approvals to establish HSBC Halbis Partners. HSBC plans to have managers based in London, New York, Paris and Hong Kong. Printed from: MFWire.com/story.asp?s=9445 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |