HSBC announces new asset management model

HSBC has restructured its asset management business globally into two new entities, HSBC Investments and HSBC Halbis Partners, to replace HSBC Asset Management. "We're introducing a boutique culture," says Au King-lun, head of institutional and private client business in Hong Kong, of Halbis (which stands for HSBC Alpha Business Partners). "It's a separate company designed only to produce performance in active management for equities, bonds and single-manager hedge fund strategies.…