Reuters UK – HSBC Global Asset Management says it is finally seeing inflows into some of its hedge funds and believes it may have reached a "tipping point" after a tough period of client withdrawals.
Bill Maldonado, head of alternative investments at the firm’s active investment arm Halbis, said in an interview that the wider hedge funds industry was likely to be seeing a similar stabilisation in flows.
"We saw a lot of redemptions in the fourth quarter of last year, we saw far fewer redemptions in the first quarter of this year, and we’re now just seeing the first net inflows into some of our strategies, and I suspect that’s fairly typical," Maldonado said on Thursday.
