HSBC has been appointed to provide fund administration, transfer agency, custody and depositary services for CC&L Financial Group, a Canadian asset management firm.
As part of this mandate, HSBC will service CC&L Financial Group’s first Ireland-registered UCITS umbrella fund.
Aimed at European investors, the initial sub-funds include the CC&L Q Emerging Markets Equity UCITS Fund and the CC&L Q Global Equity Market Neutral UCITS Fund.
The CC&L Q Emerging Markets Equity UCITS Fund is an actively managed long-only equity strategy that targets long-term capital growth relative to emerging market equity indices.
The CC&L Q Global Equity Market Neutral UCITS Fund is an actively managed long/short equity strategy that seeks to generate returns that have a low correlation with global equity markets and to maximise long-term total return.
"We have successfully managed quantitative equity strategies for over two decades. Launching UCITS funds for our emerging markets and market neutral strategies allows these strategies to be available to European investors,” comments Martin Gerber, president and chief information officer of CC&L Investment Management.
In Japan, HSBC recently provided onshore Qualified Foreign Institutional Investors custody services to enable Daiwa Asset Management to set up two new exchange-traded funds under the China-Japan ETF Connectivity scheme.
