Hermes BPK Partners has set out to change industry
attitudes with its investor-centric ethos
Hermes BPK Partners launched its first fund of funds just
over a year ago with a massively ambitious goal. Its aim is to
reshape the fund of hedge funds model to be more fully aligned
with clients' interests. "We in the industry have to start
earning our fees instead of taking fees," says Matteo Dante
Perruccio, chief executive officer.
Cynics may suspect that Hermes BPK's three founding partners
are just following the party line. The industry debate about
alignment became deadly serious last year after so many
investors had their money 'gated' against access, and were
shocked to find they owned illiquid assets, or worse.
Gregory Knott, Matteo Dante Perruccio and Mark Barker
But Hermes BPK is positioned to make a real difference.
Firstly, the firm started with a completely clean balance