A deal that would shift the management of three HSBC USA mutual funds to Wilmington Trust has hit a snag and time is running out to complete the transaction, according to a senior Wilmington official.

The companies have been in talks for several months to strike a deal under which Wilmington would take over the management and sponsorship of three HSBC products: a tax-exempt New York bond fund, a tax-exempt New York money market fund and a growth and income fund.

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