Hermes launches Absolute return Credit Fund
Hermes Investment Management has added to its global fixed income offerings with the launch of the Hermes Absolute Return Credit Fund.
The fund will be managed by Fraser Lundie, Hermes' co-head of credit, and senior portfolio manager Raphael Muller.
The fund will sit within IA Target Absolute Return and all investments will be hedged back to US dollars. It will target 100 to 150 names and is expected to have an overall credit quality of low investment grade.
The fund is available to institutional and wholesale investors in the UK, Ireland, Germany, Austria, France, Denmark, Finland, Norway, Sweden and Benelux.
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