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Last year HSBC Securities Services was ranked #1 in R&M Fund Accounting and Administration Survey for a third year in a row. R&M Surveys being an independent market research administration that specializes in investor services industry. The questionnaire for the survey ranked various providers on 34 aspects of the services they provide from services such as transaction processing, to communications, as well as the quality of employees and the service value for the money. Source

HSBC Holdings Plc. is Europe's biggest bank by market value. It is now attracting hedge fund businesses because of its focus on the concerns of prime brokers under the thread of market collapse. The company is now in cooperative talks with various hedge funds with more than $100 billion in assets. They are now focused on providing some services offered by prime brokers to its single-strategy hedge fund clients. These services would include foreign exchange and treasury products, in addition to the traditional administration and custody functions. Source

HSBC Securities Services (HSS) is soon to provide alternative fund services with in the nation of Australia. They are now offering local fund accounting, investor servicing and financial reporting to hedge fund managers, fund of hedge fund managers, and absolute return fund managers as well as private equity partners. HSS is a part of the Bank that has grown greatly in recent years and it now has 382 billion Australian Dollars in funds under custody as of July 2008. Source

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