Launches & Closures

Former Hermes Focus Europe CIO Ricci primes equity launch


Marco Ricci, former investment director of the €2.4 billion Hermes European Focus Fund, is to launch a long/short equity vehicle in May.

Ricci, whose Marinvest 1 fund will be based on the PCE Investors platform, is currently building a team to work with him on the new vehicle.

Marinvest 1 will have a pan-European remit and focus on bottom-up fundamental stock-picking, with an emphasis on companies with strong earnings power and cash-generating abilities.

Marco Ricci

However, Ricci will also use his experience as an activist where the situation arises.

Ricci joined Hermes in late 2001 to launch