US fund manager set to buy Hermes IM 'within days' - reports

£400m takeover

Jayna Rana
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Saker Nusseibeh is chief executive of Hermes Investment Management
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Saker Nusseibeh is chief executive of Hermes Investment Management

US fund giant Federated Investors is close to sealing the £400m purchase of London-based Hermes Investment Management, according to reports.

News of the US house carrying out a takeover of Hermes IM, which is owned by BT's pension scheme, is expected to be announced "within days" according to Sky News. Hermes IM, widely known as an adviser...

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