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Hermes expands global credit team with emerging market debt appointment

Hermes Investment Management, the $46.9 billion manager, has announced the appointment of Nachu Chockalingam as Senior Emerging Market Debt Portfolio Manager. Based in London, Nachu reports into Fraser Lundie, Co-Head of Credit. The appointment is representative of the firm’s approach to providing current and prospective clients with access to all areas of global credit markets.

Nachu will help manage the performance and risk of existing emerging market allocations across all liquid credit strategies. This includes the Hermes Unconstrained Credit Fund, which was launched in May 2018 and has since raised $386 million[1]. The fund invests across the global liquid credit spectrum, which includes emerging market debt, along with investment grade, high yield, convertibles, asset-backed securities and loans.

Nachu joined Hermes from Jupiter, where she worked on the firm’s emerging markets strategy. She previously spent 13 years at J.P. Morgan in London as a sellside credit analyst covering emerging market and European corporates. She then joined Ontario Teachers’ Pension Plan, where she was a Portfolio Manager for the firm’s emerging markets assets, investing in all aspects of the fixed income universe, including corporates, sovereigns and derivatives.

Fraser Lundie, Co-Head of Credit, Hermes Investment Management said:“I am pleased to welcome Nachu, who brings significant experience of the emerging market debt sector to an already strong and talented team. Her appointment underlines the importance of this asset class across our global credit strategies, where we continue to look for attractive opportunities that meet the long-term needs of investors.”

Nachu Chockalingam, Senior Emerging Market Debt Portfolio Manager, Hermes Investment Management commented: “The flexibility and strong risk management demonstrated across its liquid credit strategies, coupled with high levels of ESG integration and security selection makes the Hermes credit team stand out in the industry. Emerging markets provide compelling investment opportunities and it is exciting to be working with a truly global and dynamic team to capture superior relative value throughout credit markets.”

[1] Hermes as at 9 November 2018

This document does not constitute a solicitation or offer to any person to buy or sell any related securities or financial instruments.

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