The Hermes BPK Restructuring Fund was launched on January 1, 2009 to take advantage of the illiquidity premium around corporate, structured product or governmental balance sheet restructurings resulting from market dislocations.
The fund is very concentrated. It allocates its assets to 8-12 managers, the majority of whom are active in credit.
“Being ‘evergreen’ rather than ‘self maturing’ means allocating across a range of investment styles from classic distressed debt, distress for control, ass
The week on Risk.net, March 10-16 2018Receive this by email