Hermes wants more fund transparency

Reuters UK – Pension fund manager Hermes has called for a shake-up of the hedge fund industry, demanding greater transparency and fee structures closer aligned to performance.

The asset manager, which runs BT’s giant pension fund, said it wanted to set up an action committee to help drive through reforms on disclosure.

"I believe that hedge funds want to do the right thing," Matteo Dante Perruccio, head of Hermes’ hedge fund arm, told The Sunday Times.

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