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Aiming to achieve absolute return regardless of wider market circumstances, across asset classes and geographies.
Our disciplined and robust process, attention to risk management, independent research and integrated team approach are all vital components.
Our global, multi-strategy, relative-value approach aims to generate risk-adjusted alpha.
Investing in long and short positions across a broad range of liquid securities.
Investing purely in bonds, credit-default swaps and loans.
Not constrained by traditional corporate bond benchmarks, we can mitigate risk by investing across regions.
Our security selection driven by the same intensive, bottom-up analysis that underpins all of our credit strategies.
Skilled, integrated team whose principal members have worked together since 2004.
We apply the same global, relative-value approach that drives our high-yield and multi-strategy credit products. This strategy, however, is less concentrated, and through long and short positions we aim to provide a highly diversified and liquid portfolio that delivers consistent market-neutral returns.
We believe that global, relative-value investing throughout the capital structures of issuers can deliver strong returns through the cycle.
Through top-down analysis, we determine our risk appetite and the return prospects of different regions and sectors. These findings direct our disciplined, bottom-up research, in which we seek exposure to issuers with attractive credit risks and aim to determine which securities in their capital structures provide superior relative value.
Our global approach, in which we invest throughout the US, Europe and the emerging markets, provides us with access to an expansive set of opportunities and sources of liquidity.
CFA, Head of Hermes Credit and Lead Portfolio Manager
Fraser joined Hermes in February 2010 and is Head of Credit and lead manager on the Hermes range of credit strategies. Prior to this he was at Fortis Investments, where he was responsible for European high yield credit. Fraser graduated from the University of Aberdeen with an MA (Hons) in Economics; he earned an MSc in Investment Analysis from the University of Stirling and is a CFA charterholder. In 2017, Fraser joined the board of CFA UK, a member society of the CFA Institute. Having previously featured in Financial Newss 40 Under 40 Rising Stars of Asset Management, an editorial selection of the brightest up-and-coming men and women in the industry, in 2015 Fraser was named as one of the top 10 star fund managers of tomorrow by the Daily Telegraph. In 2016, Citywire Americas named Fraser number one in their global high yield manager review, and InvestmentEurope and Investment Week both named the Hermes Multi Strategy Credit Fund top global bond fund at their respective 2017 Fund Manager of the Year Awards.
Andrey joined Hermes in January 2013 and is co-portfolio manager on Hermes range of credit strategies. He joined Hermes from C-Quadrant Asset Management, where he managed the multi-strategy credit fund and generated investment ideas for a range of absolute return credit funds. Andrey holds an undergraduate degree in Economics from State University Higher School of Economics in Moscow, where he majored in Financial Engineering and Mandarin Chinese, and a graduate degree from London Business School. Prior to moving to London he worked in various roles in Russia and China. Andrey has been selected to join the leadership team of Next Generation Fixed Income Portfolio Managers network, a CFA UK initiative to bring together the leading portfolio managers in the UK. Andrey is a native Russian speaker and CFA charterholder.
Head of UK SalesET+44 (0)20 7680 2189Dan Churchouse,
Director – UK WholesaleET+44 (0)20 7680 3781Neil McHaffie,
Director – UK Regional WholesaleENeil.stment.comT+ 44(0)207 680 2247Hannah Rosley,
The value of investments, and income from them, may go down as well as up, and you may not get back the original amount invested.
Hermes Fund Managers Limited: Registered in England & Wales No 01661776. Registered office Sixth Floor, 150 Cheapside, London EC2V 6ET.