HSBC Private Banking raises record USD 2.3 billion in alternative investments in 2020
2020 alternative inflows have surpassed the full-year inflows seen in 2019 by over 90%.
HSBC Private Banking raised more than USD 2.3bn of private client funding for alternative investments globally in 2020 across a broad range of product solutions including hedge funds, private equity, private credit and a private REIT strategy. Despite COVID-19, this is an increase of over 90% on 2019’s full-year figure of USD 1.2bn.
Over the course of 2020, HSBC Private Banking offered eligible clients a diverse mix of alternative solutions and has seen the number of clients investing in alternatives up by over 26% in 2019. In Asia, HSBC raised USD 1.341bn for alternative investments in 2020, while EMEA raised USD 963m over the same period.
Henry Lee, Global Head of Alternatives, HSBC Private Banking, said: “Not only are we seeing an increased demand for alternative investments from our clients because of the depth, breadth and quality of our capability, but alternative investments are becoming recognised as an indispensable part of clients’ portfolios if they are to achieve their long-term strategic initiatives.”
Edward Moon, Regional Head of Alternative Investments, Asia, HSBC Private Banking, said: “In Asia, despite the challenges posed by Covid-19, our alternatives business saw a record year in capital raising on behalf of our clients across the region. In particular, there was increased investment activities across the private markets spectrum and we expect this trend to continue as opportunities for suitable clients to capture illiquidity premiums over public markets gain traction in 2021 and beyond.”
HSBC Private Banking has been offering alternative investments for over 30 years and works with leading alternative asset managers, including HSBC Global Asset Management3 to develop innovative investment solutions for its clients. HSBC Private Banking is able to leverage the capabilities of the wider HSBC Group, providing its clients with the opportunity to invest in hard to access products.
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