Update: Hermes launches Unconstrained Credit fund

Seeded by Quilter Multi-Asset

Tom Eckett
clock • 2 min read

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 grade, high yield, emerging market debt, convertibles, asset-backed securities and loans. UCITS compliant, the fund will also have the ability to use options overlays to reduce risk. The fund employs bottom-up credit selection that includes pricing in environmental, social and governance (ESG) risks. Lundie (pictured), who is co-head of credit and senior credit portfolio manager resp...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Funds

UK equity funds continued to experience the heaviest outflows of any region, with investors redeeming £1.3bn over the month.

Outflows slow to £137m in October as UK investors gravitate towards safer assets

Investment Association UK fund flows

Valeria Martinez
clock 07 December 2023 • 2 min read
The fund has an investable universe of more than ten sovereign and quasi-sovereign issuers and over 500 corporates across 15 countries.

Amundi unveils Asia income ESG bond fund

Managed by Joevin Teo

Valeria Martinez
clock 07 December 2023 • 2 min read
CEO Ian Simm (pictured) told Investment Week about the firm’s plans to launch a social themes equity strategy earlier this year.

Impax AM launches first Article 9 social equity strategy

'Strong corporate cultures'

Valeria Martinez
clock 05 December 2023 • 2 min read