HSBC Republic closes fund of hedge funds

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UK - HSBC Republic Investments has closed two of its fund of hedge funds to new investors after raising $55m (£30m) within a month of their launch.

The firm launched the HSBC Alpha AdvantEdge fund and the HSBC Leveraged Alpha Advant-Edge fund at the end of February. In order to boost returns, the leveraged fund will borrow $1 for every $1 rais...

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