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ABSOLUTE RETURN CREDIT

Seeking positive returns irrespective of the market direction

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Investing worldwide, we aim to achieve strong absolute returns within global, liquid credit markets regardless of wider fixed-income conditions.

Fraser Lundie

Head of Credit

Directionless alpha generation

Our global, multi-strategy, relative-value approach aims to generate risk-adjusted alpha.

Flexibility

Investing in long and short positions across a broad range of liquid securities.

Liquid and transparent

Focussing on liquid bonds, credit default swaps and loans.

Diversification

Not constrained by traditional corporate bond benchmarks, we can mitigate risk by investing across regions.

Investing worldwide

Our security selection driven by the same intensive, bottom-up analysis that underpins all of our credit strategies.

Experienced team

Skilled, integrated team whose principal members have worked together since 2004.

Investment process

We apply the same global, relative-value approach to Absolute Return Credit that drives our high-yield and multi-strategy credit products. This strategy, however, is less concentrated, and through long and short positions we aim to provide a highly diversified and liquid portfolio that delivers consistent market-neutral returns.

Investment approach

We believe that global, relative-value investing throughout the capital structures of issuers can deliver strong returns through the cycle.

Through top-down analysis, we determine our risk appetite and the return prospects of different regions and sectors. These findings direct our disciplined, bottom-up research, in which we seek exposure to issuers with attractive credit risks and aim to determine which securities in their capital structures provide superior relative value.

Our global approach to Absolute Return Credit, in which we invest throughout the US, Europe and the emerging markets, provides us with access to an expansive set of opportunities and sources of liquidity.

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Related Insights

360° Webinar: Hermes Flexible Credit
360° – Fixed Income Report, Q4 2019
Delta: behind the scenes at Hermes Fixed Income

Sales Contacts

Michael Kalenberg,
Director - Business Development, Institutional, Switzerland
Ksenia Kelly,
Director - Business Development, Financial Institutions, Switzerland