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European manager launches climate fund with seed capital from AP1

A new high-yield credit fund aims to achieve a lower carbon footprint. Swedish pension fund AP1 already has a relationship with the asset manager going back to 2017 and is now seeding the impact vehicle.

Photo: AP1/PR

Asset manager Federated Hermes is launching a climate-focused high yield fund, focused on finding issuers working towards a shift to a low-carbon future.

The new fund, managed by Fraser Lundie and Nachu Chockalingham, is launched with seed capital from Swedish pension fund AP1, Citywire Selector writes.

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