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HSBC PB raises US$850m for alternatives in first 4-½ months of 2020

As of the end of April, HSBC Private Banking had raised US$1.3 billion from Asian clients for a range of alternative strategies over a 12 month period. This year alone, a record US$850 million had been raised by mid-May. The broad range of strategies included a private REIT solution (which raised US$350 million), a secondary private equity strategy, a global real estate…

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