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Home > Investments > Discretionary Management

Hermes opens funds to DFMs and selectors

Institutional investment giant Hermes Fund Managers is making funds available to fund selectors and discretionary managers for the first time.

By Nick Reeve | Published Apr 23, 2012 | comments

The UK pension fund giant, which is owned by the BT Pension Scheme and has £26.5bn under management, is to start marketing three strong-performing Ucits funds to discretionary fund managers, wealth managers and multi-managers.

The funds comprise the £175.4m Hermes UK Small & Mid Cap fund managed by John Leahy and David Stormont, the £157.8m Hermes Japan Equity fund run by Jonathan Greig and the £122m Hermes Sourcecap European Alpha fund, which is part of an £828m strategy run by James Rutherford.

Harriet Steel, global head of sales and marketing at Hermes, said: “We have traditionally run long term pension money and corporate money, but we felt that, given the range of top performing equity funds we have, now would be a good time to roll them out to a wider audience.”

Each fund has ‘R’ and ‘T’ share classes with minimum investments of €1,000 and £1,000 respectively. Share classes with €100,000 and £100,000 minimums are also available.

The UK Small & Mid Cap fund posted a benchmark-beating return of 31.4 per cent since from its launch in December 2008 to February 29 2012, according to the company.

Japan Equity gained 7.4 per cent from its launch in January 2010 to the end of February, compared to a benchmark return of 2.2 per cent. European Alpha has gained 10 per cent, since its launch also in January 2010, compared with a 2 per cent benchmark gain.

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