I managed to work around this by modifying the VM definition XML
(Overview, switching Details to XML), replacing

  <clock offset="utc">
    ...
    <timer name="hpet" present="no"/>
  </clock>

with present="yes".

I was unable to find any GUI interface to switch on hpet in my Virtual
Manager setup.

-- 
Happy hacking
Petter Reinholdtsn

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