Hermes

Mixed reactions to 'radical' plans

Hermes has appointed Patrick Marshall as head of private debt and CLOs, as it looks to develop its offering in the area.

Hermes Investment Management has added to its fixed income range with the launch of an Absolute Return Credit fund.

Deutsche Bank shareholders voiced their lack of confidence in the company's leadership during its annual meeting yesterday, with 39% voting against approving the performance of the group's co-chief executives.

Gary Greenberg, head of emerging markets at Hermes, said fears over the impact of a US interest rate rise seem excessive and investors need to question the consensus.

Hermes has relaunched its real estate debt fund in a bid to take advantage of the burgeoning opportunities in UK commercial property.

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Ian Womack, chief executive of Aviva Investors' global real estate business, is retiring from his role, to be replaced by Ed Casal.

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