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HSBC PB raises more than US$2.3 billion in private client funding for alternative investments

HSBC Private Banking Tuesday said it raised more than US$2.3 billion in private client funding for alternative investments globally in 2020, as investors seek positive yields in a low and negative rate environment. The raise was across a broad range of product solutions, including hedge funds, private equity, private credit and a private REIT strategy, a press release said. The…

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