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

Federated Hermes adds sales expert Mike Daly to UK Wholesale team
The international business of Federated Hermes has announced the hire of Mike Daly as Sales Director
Economic Outlook: can things ‘only get better’?
In his latest Economic Outlook, Senior Economic Adviser Neil Williams summarises his expectations for the global economy.
Three wishes for tomorrow’s UK Budget
Eoin Murray, Head of Investment, shares his three wishes for tomorrow's UK Budget
Under Pressure? 5 dynamics shaping the inflation outlook
Silvia Dall'Angelo, Senior Economist, discusses the five dynamics shaping her inflation outlook for 2021.
All eyes on Sustainability this Earnings Season
Our dedicated commitment to sustainable wealth creation means we are not only busy forming financial expectations for the upcoming earnings season, but ESG expectations too.
New research shows Covid has accelerated the social awakening
New research from the Global Equities team at the international business of Federated Hermes shows that companies with good or improving social practices can potentially add up to 17bps each month to returns.

Press Contacts

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