Pictet International Management Ltd. has joined HSBC Investments (Canada) Ltd. as investment advisor of the firm’s MM International Growth Equity Pooled Fund, effective Nov. 21. The Europe-based asset-management firm replaces Marvin & Palmer Associates Inc., based in Delaware. “It was an issue of style and risk,” says Marc Cevey, CEO of HSBC Investments. “Marvin & Palmer have been managing this fund for years and it has a growth style, while Pictet has a [growth at a reasonable price] style. In addition, M&P is momentum-driven, while Pictet is more valuation-driven. We felt that, from a risk/return standpoint, Pictet is probably the more suitable manager.” Pictet is affiliated with Swiss private bank Pictet & Cie. Marvin & Palmer will continue to manage HSBC MM U.S. Growth Equity Pooled Fund.