By combining unconstrained credit, high-conviction credit selection with a hedge against adverse market conditions, we aim to maximise long-term total returns.
Unconstrained, high-conviction investment across the global liquid credit spectrum.
Capturing superior relative value throughout credit markets as investment conditions change.
Outsource credit-allocation decisions to a team of skilled, experienced global credit investors operating within a robust governance framework.
Alpha generation through issuer and security selection: sourcing high-conviction, bottom-up ideas globally and throughout corporate capital structures.
Optimal convexity through an options overlay: aiming to protect return-seeking investments from perceived market and macro risks.
ESG integration and engagement ensures responsibility is embedded in every investment decision.
Top-down oversight
Bottom-up skill
Downside defence
Full spectrumThere is plenty of evidence showing that poor environmental, social, and governance (ESG) behaviours can lead to the erosion of a firm’s enterprise value. This has implications for both equity and credit investors. As a result, our investment analysis has historically considered ESG risks alongside more traditional operating and financial risks. However, until now it has been challenging to price ESG risks in a similar way to these core credit risks. In order to analyse ESG risks with greater precision, we have developed a pricing model to capture the influence of these factors on credit instruments. Read more here.
Andrew Jackson
Head of Fixed Income and Lead Portfolio Manager
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Andrew Jackson
Head of Fixed Income and Lead Portfolio Manager
Andrew joined Hermes in April 2017 as Head of Fixed Income. He is responsible for leading the strategic development of Hermes’ credit and direct lending investment teams, and developing a multi-asset credit offering capable of accessing all areas of the global credit markets for pension funds and other long-term institutional investors.
Andrew joined from Cairn Capital, where he was Chief Investment Officer. In this role, Andrew was responsible for the development of the asset management business, which included designing new products and managing the investment teams, including strategy, portfolio management and research. He has managed assets across the spectrum of global credit and fixed income. He was previously vice president within the European credit structuring team at Bank of America and has held roles with Fitch Ratings and PricewaterhouseCoopers. Andrew holds a BSc degree in Mathematics & Theoretical Physics from Kings College London.
