HSBC gets distressed

HSBC Halbis Partners is offering a distressed debt fund.The HSBC Distressed Opportunity fund, managed out of New York by Kim Golden aims to generate absolute returns on low volatility.The portfolio was backed at launch by $50m of HSBC investment capital.Golden, who will be assisted by Noel Herbert, already manages distressed debt strategies in the HSBC multi-strategy portfolio and the new vehicle will mirror opportunities employed in this fund.Golden, who is also the managing director at HSB