HSBC raises $580m for fund

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ref="http://www.cityam.com/company/hsbc-holdings">HSBC has raised $580m (£384m) for a new infrastructure fund to invest in public-private partnership projects such as hospitals, prisons, offices, transport and housing. HSBC put $150m towards the fund, which will concentrate on investing in projects in their early stages, then selling them once they are up and running. The fundraising target is $1bn.