Portfolio Update

RNS Number:2334L
HSBC Global Absolute Limited
19 April 2005

HSBC Global Absolute Limited

HSBC Private Bank Building, Rue du Pre, St Peter Port, Guernsey GY1 1LU


19 April, 2005


Regulatory News Service

London Stock Exchange

London

EC2N 1HP


Dear Sir,


HSBC Global Absolute Limited (the "Company") announces in line with UKLA Listing
requirements that as at 31st March 2005 the Company maintained the following
investments:

 1. Companies which constitute 5% or more of the Company's Gross Assets:

    Gamut Investments    5.66%

    Raptor Global Fund Ltd     5.56%

    Highbridge Capital Corporation     5.13%

 2. The ten largest investments maintained by the Company:

Gamut Investments     5.66%

Raptor Global Fund Ltd     5.56%

Highbridge Capital Corporation     5.13%

Caxton Equity Growth (BVI) Limited     4.73%

Tewksbury Investment Fund Limited     4.35%

Tudor BVI Global Fund     4.34%

Eminence Fund Limited     4.18%

Lansdowne UK Equity Fund Limited     4.12%

Sunova Offshore Limited     3.77%

CSFB Convertible and Quantitative Strategies Feeder Fund     3.76%


END.

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