Search this website. You can use fund codes to locate specific funds

Dermot Kiernan to head Hermes Property Unit Trust

The International business of Federated Hermes is pleased to announce the appointment of Dermot Kiernan as Fund Director for its Hermes Property Unit Trust (HPUT).

Dermot will join in the autumn from M&G Real Estate where he is the Fund Manager of the M&G UK Property Fund. Whilst at M&G he was also fund manager of two other UK portfolios: a discretionary segregated pension fund mandate and a property unit trust.

HPUT is an open-ended balanced property fund with AUM of £1.4 billion. The fund has a diversified portfolio with a focus on balanced asset allocation and active management. It has delivered top quartile returns over one, three, five- and ten- year periods compared to funds within its benchmark (MSCI/AREF All Balanced funds). *

Chris Taylor, CEO of Hermes Real Estate, comments, “Dermot brings with him a wealth of experience from more than three decades working within the real estate investment industry. He brings an investment philosophy which fully complements our responsible approach to investing that

has helped deliver outstanding returns over the past decade both in terms of financial outcomes as well as positive societal and environmental results.”

Dermot Kiernan comments, “I have long held the Hermes Real Estate team in high regard having seen them successfully build and defend an enviable reputation in the UK. The deep, company-wide commitment to a responsible approach is aligned to the opportunities in the market today and I look forward to building on the strong heritage of HPUT.”

Latest Articles

Green bond-financed projects are necessary but not sufficient
In its September Quarterly Review, the Bank of International Settlements (BIS) published a much-needed article that analysed the impact of fighting the climate crisis at the firm-level from corporate projects funded by green bonds
Economic Outlook: Will the debt matter?
Neil Williams examines the impact that various pandemic-related stimulus packages have had on both global government debt and the efficacy of monetary and fiscal tools available to policy-makers.
Credit Investors not valuing their privacy
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.
Federated Hermes expands European footprint with local Spanish office
Federated Hermes has further expanded its footprint across Europe by establishing a local office in Madrid, Spain.
Federated Hermes, International maintains A+ rating in 2020 PRI Assessment
The international business of Federated Hermes has maintained the highest rating “A+” for Strategy and Governance from the UN PRI in its latest annual responsible investing assessment.
International business of Federated Hermes appoints Head of Corporate Communications
The International business of Federated Hermes has announced that Johnny Weir has been appointed as Head of Corporate Communications, with immediate effect.

Press Contacts

Johnny Weir,
Head of Corporate Communications
Rachael Dowers,
Manager - Corporate Communications
Hannah Bellfield,
Assistant Manager - Corporate Communications
Harriet Hall,
Associate - Corporate Communications