Introducing the Investment Managers
Nachu Chockalingam
Nachu joined in March 2018 and is a senior credit portfolio manager co-managing Federated Hermes Limited’s range of credit portfolios. She joined from Ontario Teachers’ Pension Plan, where she was a portfolio manager responsible for the plan’s active investments in emerging markets and European credit. Nachu started her career at JPMorgan in London as a sell-side analyst where she spent 13 years covering, firstly, European high yield and investment grade and then CEEMEA credit. Nachu graduated from the London School of Economics with a degree in Economics and is a CFA charterholder.
Federated Hermes
Vincent Benguigui
Vincent joined in 2013 and is a senior credit portfolio manager co-managing Federated Hermes Limited’s range of credit portfolios. He also oversees risk management and the implementation of non-linear trading strategies, via the use of derivatives products such as credit options and indices. He joined from Scor Global Investments in Paris, where he was credit analyst across European high yield. Vincent holds a Master’s degree in Banking and Finance with Honours from Pantheon-Assas University in Paris, as well as a Bachelor’s in Management from Dauphine University in Paris.
Federated HermesInvestment Policy
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.