Five key themes in energy credit
1. Macro recovery fuels rebound in commodity prices In April 2020, oil futures prices collapsed into negative territory amid a coronavirus-induced supply glut. However, after a year of unprecedented volatility, oil prices have recouped their losses, returning to their pre-pandemic levels, and are currently lingering at $60 per barrel. This strong recovery has been driven […]
Doomsday at the bank
A spoonful of measures helps the resolution go down
Authenticity in ESG integration
Interest in ESG has grown exponentially recently but has been important to Federated Hermes for decades. Can you detail some milestones? Since our first CEO openly challenged a major UK company to improve its governance, to our current leader Saker Nusseibeh being awarded a CBE for services to responsible business, the international business of Federated […]
Global Equity ESG
Annual Report 2020
Zen and the art of investment management
Alone in a car with my Zen teacher several years ago, I asked him if there might be a way to be a mindful investor. He said nothing at first, and then said nothing for a painfully long time. Finally he said, “Invest in the Dharma. It will give you the best return.” As a […]
Pricing ESG risk in credit markets
Through volatility, our conviction affirmed
ESG Materiality, Q1 2021
In the Q1 2021 newsletter, we explore: How we are engaging with Baozun Inc, a leading Chinese provider of ecommerce technology and solutions; How our portfolio holding Tech Mahindra Ltd is generating a positive impact aligned to several of the United Nations Sustainable Development Goals (SDGs); Whether palm oil can ever be considered sustainable, and […]
The end of LIBOR
Implications for investors
Tackling decarbonisation in credit portfolios
At the international business of Federated Hermes, we have always been at the vanguard of integrating sustainability into investment strategies: we embed ESG analysis and stewardship into our investment decisions. Within that, climate change forms a core part of the investment process. Climate change goals represent a significant portion of the engagement agenda managed by […]
A new shape for restructuring in the EU?
Rules to create a more harmonised EU-wide approach to restructuring and insolvency were first mooted in the aftermath of the financial crisis of 2008-9. However, it took until June 2019 for the EU Commission to approve the Directive, which finally comes into force this summer. The key aim of the directive is to introduce more […]
