HSBC Asset Management
140 Broadway, 6th Floor, New York, NY 10005; phone: (212) 658-7529; fax: (212) 658-7672
(U.S. $ millions)
Total assets 48,994
Total U.S. institutional tax-exempt 1,206
Internal U.S. institutional tax-exempt 1,206
Total international/global 885
Internal international 497
Active equity accounts 493
Internal global 388
Active equity accounts 3
Nondomestic pension assets 16,542
HSBC Asset Management had $497 million in international accounts and $388 million in global accounts as of March 31.
The firm's asset mix for international accounts was 92.96% equity, 0.65% bonds, 6.28% cash and 0.11% other as of March 31; equity assets were committed most heavily to Hong Kong, Japan, Australia, Taiwan and Singapore.
As of the same date, its global account asset mix was 60.58% equity, 38.19% bonds, 1.23% cash; equity assets were committed most heavily to the U.S., Hong Kong, Spain, Switzerland and Belgium.
The firm applies a structured, disciplined and consistent process that separates asset allocation from security selection.
The firm manages $613 million in U.S. markets for non-U.S.-based institutional clients.
Analysts or portfolio managers are stationed in New York, Melbourne, Vancouver, Hong Kong, London and Japan.
The firm, a subsidiary of HSBC Holdings PLC, has been registered with the SEC since 1985.
Paul Guidone is chief investment officer; Dori Cohen is client contact.