Hermes appoints Italy director of business development
Hermes Investment Management has named Angelo Natale for a newly created role as director of business development in Italy.
Hermes Investment Management has named Angelo Natale for a newly created role as director of business development in Italy.
The ongoing volatility in Chinese shares, triggered by concern over the country’s growth prospects, has reduced valuations to a point that is creating opportunities for stock pickers, according to some fund managers.
A combination of sovereign-related and company specific credit downgrades in the resources sector has seen a dramatic change in the make-up of the global high yield credit market said Fraser Lundie, co-head of credit at Hermes.
Hermes Investment Management is growing its sales team in Singapore with a new hire who came on board this week.
Environmental, social and corporate governance, or ‘ESG’, is becoming increasingly fashionable, said Hermes’ Rhodri Mason, but ESG is a far cry from what he considers to be the real long-term game-changer: stewardship.
Hermes will focus on increasing its business in Asia and the US in order to further a 243% increase in third party assets over the last five years, according to its global head of business development.
Like all those who lead a fund, Gary Greenberg, manager of the Hermes Global Emerging Markets Fund, is driven by opportunity.
Low quality stocks have led the recovery in the US so far, with QE contributing to excess liquidity, however higher quality although perhaps “unglamorous stocks” will see a resurgence according to Hermes’ Mark Sherlock.
Hermes Fund Managers has launched a new absolute return credit fund.
Hermes Fund Managers has appointed Jakob Nilsson as director of business development for Asia.
Marcus Palmer has joined Hermes Real Estate Investment Management (HREIM) where he will head up the real estate debt programme.
Hermes Fund Managers has unveiled a Ucits-compliant US small and mid-cap equities fund managed by Robert Anstey who has run a similar strategy for the group since 2001.