Hermes

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BT Pension Scheme sells majority stake in Hermes

The BT Pension Scheme is selling its majority stake in Hermes. The deal worth £246m will see New York-based fund giant Federated Investors take control of the asset manager. BT Pension Scheme will retain a 30 per cent stake in Hermes, continuing to invest as a client. Hermes’s management will retain an interest of around […]