Update: Hermes launches Unconstrained Credit fund

Seeded by Quilter Multi-Asset

Tom Eckett
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Fraser Lundie of Hermes IM
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Fraser Lundie of Hermes IM

Hermes Investment Management has confirmed the launch of its Unconstrained Credit fund managed by Fraser Lundie and head of fixed income Andrew Jackson, which has been seeded with £185m from investors including Quilter Multi-Asset.

As previously unveiled by Investment Week on 19 March, the fund will have a target of Libor +5% over the market cycle and will invest across the global liquid credit spectrum, which includes investment...

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