Hermes BPK aiming to triple assets in 5 years

Reuters – The fund of hedge funds arm of Hermes aims to boost its assets by three times to $5 billion (3.1 billion pounds) in five years by tapping growing demand for alternative investments in countries including Japan, the head of the company said.

Hermes BPK is hoping that its experience managing British Telecom’s pension scheme will help it win the confidence of typically risk-adverse investors in Japan, the world’s second biggest institutional market.

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