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