Hermes BPK Restructuring Fund: Hermes BPK Partners

Ninth European Fund of Hedge Funds Awards 2010

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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