UK - Hermes has put restructuring plans involving its Focus Funds business on hold, following the performance slump of one of its funds and the departure of two fund managers.
In a letter sent to clients, the investment management firm called a halt to the planned transition of its Focus Fund operations to a limited liability partnership (LLP), which was already delayed ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date