Dynamic multi-sector credit investing throughout market cycles.
Fraser Lundie, Head of Hermes Credit, introduces the Unconstrained Credit strategy, which provides unconstrained, high-conviction investments across global credit, designed to capture superior relative value.
Hermes Unconstrained Credit - Introduction to strategy
Evidence shows that bonds issued by private companies offer no premium versus those with public equity market capitalization. Historic data coupled with elevated risks highlight why Fraser Lundie, Head of Credit at the international business of Federated Hermes, views this as a mispricing.