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Alternatives

We leverage HSBC’s global network to source, originate and develop a range of alternatives capabilities.

Alternative Credit

Alternative Solutions

Real Assets

What’s new

 

Alternatives Q3 2025 Update

 

Find out more

Who we are

Who we are

Our goal is to provide investors with a wide array of alternative investments tailored to their needs. We offer a broad spectrum of opportunities from hedge funds and private equity, to private credit, real assets, venture capital and natural capital.


Who we are

Source: HSBC AM, as of 30th June 2025

Why alternatives

Why alternatives?
Reduced volatility
  • Alternative investments can reduce the overall risk of a portfolio due to lower sensitivity to market movements
Increased diversification
  • Diversification is important when building a resilient portfolio. Alternative investments can play a role in enhancing diversification due to their low correlations with traditional investments
Different sources of return
  • Our diverse alternative investment capability range can provide access to different sources of return

Why alternatives with HSBC Asset Management

Experience

Experience
30-year track record of managing alternative investment solutions.

Transition investing

Transition investing
We aim to play a role in the global transition to a low-carbon economy.

Access

Access
Our alternative investment capabilities leverage HSBC's global network.

Asia

Asia
We are well positioned to connect global investors with new investment opportunities in the region.


“HSBC Asset Management Alternatives brings decades of experience in alternatives investing to clients. Our platform combines global reach with local insights, helping clients access a world of opportunities. We're proud to offer alternative credit solutions making the most of the strengths of HSBC's network, opportunities in Asia based on our long heritage, and investment strategies that can help finance the transition to net zero. ”

Joanna Munro, CEO HSBC Alternatives

Joanna Munro

What we do

Our solutions


Private debt strategies that leverage our Unparalleled access to HSBC's proprietary deal flow
Leveraging HSBC AM's scale and expertise to allocate to external managers
Investing across a range of real assets and infrastructure strategies

Latest insights

Leadership

 


Joanna Munro
CEO HSBC
Alternatives

 


William Benjamin
Head of
Alternative Solutions

 


Scott McClurg
Head of Private
Credit

 


Borja Azpilicueta
Head of Capital
Solutions

 


Christophe Defert
Head of Climate
Growth Partners

 


Karim Ghannam
Global Head of
Real Assets

Contact us

If you are considering investing in alternatives, or want to learn more about our investment strategies, please get in touch.

Ready to talk?


  • Risk Considerations: There is no assurance that a portfolio will achieve its investment objective or will work under all market conditions. The value of investments may go down as well as up and you may not get back the amount originally invested. Portfolios may be subject to certain additional risks, which should be considered carefully along with their investment objectives and fees.
  • Illiquidity: An investment in alternatives is a long term illiquid investment. By their nature, the alternatives’ investments will not generally be exchange traded. These investments will be illiquid.
  • Long term horizon: Investors should expect to be locked-in for the full term of the investment
  • Economic conditions: The economic cycle and prevailing interest rates will impact the attractiveness of the underlying investments. Economic activity and sentiment also impacts the performance of underlying companies, and will have a direct bearing on the ability of companies to keep up with interest and principal repayments.
  • Valuation: These investments may have no or a limited liquid market, and other investments including those in respect of loans and securities of private companies, may be based on estimates which cannot be marked to market until sale. The valuation of the underlying investments is therefore inherently opaque.
  • Strategy Risk: Investments into alternatives may, among other risks, be negatively affected by adverse regulatory developments or reform, credit risk and counterparty risk. The credit market bears idiosyncratic risks such as borrower fraud, borrower bankruptcy, prepayment risk, security enforceability risk, subordination risk and lender liability risk.
  • Investor’s Capital At Risk: Investors may lose the entirety of invested capital