Introducing the Investment 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. In 2017, Fraser joined the board of CFA UK, a member society of the CFA Institute. In 2015 Fraser was named as one of the top 10 star fund managers of tomorrow by the Daily Telegraph, and the following year Citywire Americas named Fraser number one in their global high yield manager review.
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 charterholderFederated Hermes
The fund intends to invest in a globally diversified portfolio with at least 80% invested in a broad range of fixed income securities such as global government bonds, corporate bonds and currency markets. The fund will invest in bonds issued either in sterling, or in another currency which will be hedged back into sterling. The fund may invest up to 60% in sub-investment grade bonds (considered to be Standard & Poor’s credit rating of below BBB or equivalent).
The fund may also invest in other transferable securities, units in collective investment schemes (including schemes managed and operated by the ACD or its associates), money market instruments, warrants, cash, near cash and deposits as detailed in the Prospectus.
Derivatives may be used both for investment purposes and for efficient portfolio management.