HSBC Global Asset Management has re-opened its frontier markets fund, which soft-closed to new investors in 2014 after a spike in assets prompted the firm to make a move to preserve performance.
The HSBC GIF Frontier Markets fund, which reached a peak of around $650m in AUM under former manager Andrew Brudenell, is now managed by Ramzi Sidani and Christopher Turner, and has $618m in total assets. Gallery: What will frontier markets look like in 2020? HSBC GAM's 2014 decision to soft close the sub-fund to new investors coincided with the same decision by Lloyd George Management for its frontier fund. The closures also followed Franklin Templeton's decision to soft-close its Templeton Frontier Markets fund, which is now managed by Carlos Hardenberg, at $1.9bn, after inflows...
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