The Bank of Bermuda has announced that a multi-manager fund will be made available globally through the network of its parent company, the global banking giant HSBC.
HSBC Investment Solutions, formerly known as the All Points Multi-Manager fund, will be launched in the coming weeks and is expected to benefit local customers through reduced costs, better fund administration and HSBC’s vast research capabilities.
According to the bank, “manager of managers’ open architecture structure” products have become increasingly popular in the investment community, and the trend is one which HSBC is keen to embrace across its network.
Commenting on the development, Gonzallo Jalles, Head of HSBC Investments Bermuda, noted: “HSBC’s attraction to Investment Solutions reflects the innovation and quality of this product; it is a real credit to the Bank of Bermuda team.
He added: “The HSBC network will bring unprecedented distribution channels and capabilities to help ensure the continued growth and success of this highly-regarded investment option.”
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