HSBC Global Asset Management is planning a UCITS III European absolute-return fund, the HSBC GIF European Alpha Equity Fund, scheduled to debut next month. The fund will use both quantitative and qualitative factors in a market-neutral strategy to invest in stocks, equity swaps and short positions in developed European nations.

The fund will aim for a volatility target of 10% to deliver returns on par with the stock market. The portfolio management team of four will be led by Vis Nayar.

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