{"id":10766,"date":"2009-06-07T00:00:00","date_gmt":"2009-06-07T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hsbc-to-stop-structured-financing-for-fund-investors","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2009\/hsbc-to-stop-structured-financing-for-fund-investors.html","title":{"rendered":"HSBC to Stop Structured Financing for Fund Investors"},"content":{"rendered":"<p>Bloomberg &#8211; HSBC Holdings Plc&rsquo;s U.S. securities division will no longer extend structured financing to hedge- fund investors to leverage their investments, according to people familiar with the company&rsquo;s plans.             <\/p>\n<p>The bank is halting the financing by its structured-funds products division and eliminating an unspecified number of jobs in New York, said one of the people, who asked not to be identified because the information hasn&rsquo;t been made public. The group reports to Steven Phan, global head of the investment access and solutions groups in London, the person said. Phan declined to comment.     <\/p>\n<p>&ldquo;Hedge fund-linked strategies tie up a lot of capital because of the illiquidity of the underlying hedge fund,&rdquo; said Keith Styrcula, chairman of the Structured Products Association, a New York-based industry group. &ldquo;Those were among the very first lines of business that firms were cutting back on.&rdquo;     <\/p>\n<p>  <a title=\"Read Complete Article\" target=\"_blank\" href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&#038;sid=aWtNTmSCve1E\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; HSBC Holdings Plc&rsquo;s U.S. securities division will no longer extend structured financing to hedge- fund investors to leverage their investments, according to people familiar with the company&rsquo;s plans. The bank is halting the financing by its structured-funds products [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,5463,1743,12738,6162,2170,10326,648,1482,5992,3364,11183,12737],"class_list":["post-10766","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-bloomberg","tag-fund-investors","tag-global-head","tag-group-reports","tag-hsbc-holdings-plc","tag-hsbc-holdings","tag-illiquidity","tag-industry-group","tag-investments","tag-jobs","tag-london","tag-rsquo","tag-structured-products-association"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10766"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10766\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}