UK house Hermes plans EM debt team
The principal manager of the UK’s biggest final-salary pension scheme is looking to add emerging-market debt expertise in Asia and is set to announce an acquisition.
UK fund house Hermes is seeking to build an emerging-markets debt team in Asia in a drive to broaden its presence in, and exposure to, the region, with Hong Kong and Singapore as potential locations.
Separately, AsianInvestor understands the £29.3 billion ($43.7 billion) principal money manager for parent the BT Pension Scheme – the UK’s largest final-salary plan – is set to announce today that it has acquired the $100 million Caliburn Greater China Fund.
Hermes sees this as a k…
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