BNP Paribas Exclusive: New HSBC Hedge Fund Acquisition Explained

BNP Paribas has expanded its reach in the asset management industry by acquiring a portion of HSBC Holdings Plc’s hedge fund business.

The French lender’s securities services unit, in an exclusive agreement, will take over HSBC’s hedge fund administration business, allowing 25 institutional clients affected by HSBC’s decision to transfer their hedge fund administration requirements to BNP.

While HSBC has chosen to exit hedge fund administration services, the bank emphasizes