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Authors

Fraser Lundie
CFA, Head of Hermes Credit and Lead Portfolio Manager

Fraser joined the international business of Federated Hermes in February 2010 and is Head of Credit and lead manager on the range of credit strategies. Prior to this, he was at Fortis Investments, where he was responsible for European high yield credit. Fraser graduated from the University of Aberdeen with an MA (Hons) in Economics; he earned an MSc in Investment Analysis from the University of Stirling and is a CFA charterholder. In 2017, Fraser joined the board of CFA UK, a member society of the CFA Institute. He was featured in the Financial News’ ‘40 Under 40 Rising Stars of Asset Management’, an editorial selection of the brightest up-and-coming men and women in the industry, and in 2015 Fraser was named as one of the top 10 star fund managers of tomorrow by the Daily Telegraph. In 2016, Citywire Americas named Fraser number one in their global high yield manager review, and InvestmentEurope and Investment Week both named the Federated Hermes Multi-Strategy Credit Fund top global bond fund at their respective 2017 Fund Manager of the Year Awards.

  • 17/09/2020
    Fixed Income
    Credit Investors not valuing their privacy
    Fraser Lundie
    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.
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  • 14/05/2020
    Fixed Income
    High Yield can be the White Knight of the Income Crisis
    Fraser Lundie
    Marking the 10-year anniversary of our Global High Yield capabilities, Fraser Lundie, CFA, Head of Credit, explains why investors on the hunt for income amid the dividend drought should turn to high yield as a long-term, sustainable alternative.
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  • 25/11/2018
    Fixed Income
    Hermes expands global credit team with emerging market debt appointment
    Fraser Lundie
    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].
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  • 17/01/2017
    Fixed Income
    Macy’s in a muddle
    Fraser Lundie
    Despite an improving domestic economy, the US retail industry is under pressure. Changing consumer preferences, falling tourist numbers, unseasonal weather and the rise of fashion e-retailers are among the reasons why US retailers – and department stores in particular – are struggling. Fraser Lundie, Co-Head of Credit, and Ilana Elbim, Credit Analyst at Hermes Investment Management, explain how they responded to this structural change with a defensive trade involving Macy’s, whose flawed strategy for reviving sales has proved one of the least effective in the sector.
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