HSBC Global Asset Management (Canada) Ltd. is launching the HSBC MultiAlpha Pooled Funds and has appointed new sub-advisors to these funds, the company said Wednesday.

The funds leverage the expertise of multiple managers with complementary styles providing investors the opportunity to increase the potential return, while lowering overall portfolio risk, HSBC says.

As part of the MultiAlpha launch in Canada, six of the HSBC Multimanager Pooled Funds are changing their names, effective December 7, as follows:

• HSBC MM Canadian Bond Pooled Fund becomes HSBC MultiAlpha Canadian Bond Pooled Fund;

• HSBC MM Canadian Value Equity Pooled Fund becomes HSBC MultiAlpha Canadian Equity Pooled Fund;

• HSBC MM Canadian Small Cap Equity Pooled Fund becomes HSBC MultiAlpha Canadian Small Cap Equity Pooled Fund;

• HSBC MM U.S. Value Equity Pooled Fund becomes HSBC MultiAlpha U.S. Equity Pooled Fund;

• HSBC MM U.S. Small/Mid Cap Equity Pooled Fund becomes HSBC MultiAlpha U.S. Small/Mid Cap Equity Pooled Fund; and

• HSBC MM International Value Equity Pooled Fund becomes HSBC MultiAlpha International Equity Pooled Fund.

HSBC MultiAlpha Pooled Funds are only available to investors as part of Private Investment Management’s discretionary investment management services available from HSBC Global Asset Management (Canada) Ltd. or HSBC’s new World Selection service.

New sub-advisors appointed

The company also announces the appointment of new sub-advisors to the HSBC MultiAlpha Pooled Funds.

U.S.-based Cohen & Steers, Eaton Vance Investment Managers, Los Angeles Capital Management, Rainier Investment Management and Winslow Capital Management Inc. have been appointed sub-advisors to the HSBC MultiAlpha U.S. Equity Pooled Fund. They replace NWQ Investment Management Company, LLC.

HSBC’s roster of sub-advisors for the HSBC MultiAlpha Pooled Funds also includes: Alliance Bernstein, MFC Global Investment Management, Martin Currie Inc., Mawer Investment Management, Scheer, Rowlett & Associates, Westfield Capital Management Company, LLC, and HSBC Global Asset Management (Canada) Ltd.

IE