HSBC Securities Services in Guernsey (HSSG) has brought a major, high profile fund worth $1.5bn to the Island.
HSSG has been chosen to provide administration services for the award-winning Tufton Oceanic Hedge Fund, managed by Oceanic Investment Management Limited.
Oceanic Investment Management is a subsidiary of Tufton Oceanic, a leading shipping investment house renowned for innovation in investment funds focused on the Shipping and Oil services industries.
Oceanic Hedge Fund was named ‘Best Energy Hedge Fund on a Risk Adjusted Basis’ at the Annual Hedge Fund Review’s European Performance Awards in 2008, meeting its challenging target of a 20% annual return for six years.
Paul Keltie, Head of Fund Administration for HSSG, said: “This is great news, not only for HSSG, but for Guernsey as a whole. This deal brings new investment to the island, which can only be of benefit to our economy and community. It clearly demonstrates that we have the capability and talent in Guernsey to provide leading and innovative service solutions to support such truly alternative funds.”
A spokesman from Tufton Oceanic said, “We transferred the administration of the Fund to HSSG because of their ability to provide leading offshore administration services. We are confident that the Group will deliver us the best administrative support, to compliment our continuing growth strategy.”
HSBC Securities Services in Guernsey is a market leader when it comes to administering truly alternative funds. They continue to specialise in distressed debt funds, emerging market funds, funds of hedge funds and private equity funds as well as hybrids on those themes.
HSSG has been chosen to provide administration services for the award-winning Tufton Oceanic Hedge Fund, managed by Oceanic Investment Management Limited.
Oceanic Investment Management is a subsidiary of Tufton Oceanic, a leading shipping investment house renowned for innovation in investment funds focused on the Shipping and Oil services industries.
Oceanic Hedge Fund was named ‘Best Energy Hedge Fund on a Risk Adjusted Basis’ at the Annual Hedge Fund Review’s European Performance Awards in 2008, meeting its challenging target of a 20% annual return for six years.
Paul Keltie, Head of Fund Administration for HSSG, said: “This is great news, not only for HSSG, but for Guernsey as a whole. This deal brings new investment to the island, which can only be of benefit to our economy and community. It clearly demonstrates that we have the capability and talent in Guernsey to provide leading and innovative service solutions to support such truly alternative funds.”
A spokesman from Tufton Oceanic said, “We transferred the administration of the Fund to HSSG because of their ability to provide leading offshore administration services. We are confident that the Group will deliver us the best administrative support, to compliment our continuing growth strategy.”
HSBC Securities Services in Guernsey is a market leader when it comes to administering truly alternative funds. They continue to specialise in distressed debt funds, emerging market funds, funds of hedge funds and private equity funds as well as hybrids on those themes.
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