Hermes raises $2.5 billion for Asian strategy

UK fund house Hermes Investment Management  is soft-closing its Asian equity fund at $2.5 billion. It comes as the firm is set to announce a new sales and servicing hire in Singapore to expand its penetration of the region. Eoin Murray, head of the firm’s investment office in London, noted its Asia ex-Japan fund, which picked up an AsianInvestor asset class award this year, had hit capacity and closed to new investors this past quarter after attracting strong interest chiefly …