The latest in funds and investments across the UK, Europe, Middle East and Africa.

Hermes Investment Management
UK-based Hermes Investment Management has launched the Hermes Unconstrained Credit Fund. 

The UCITS fund, seeded by investors including Quilter Multi-Asset, aims to offer a multi-sector credit solution that is structured to perform throughout market cycles.

The investment process combines top-down allocation across the global liquid-credit spectrum with bottom-up, high-conviction security selection.

Andrew Jackson, head of fixed income, and Fraser Lundie, co-head of credit and lead credit portfolio manager, will manage the fund.

Aberdeen Standard Investments
Aberdeen Standard Investments has launched a Luxembourg-domiciled fund called Aberdeen Global - China Onshore Bond Fund.  

The fund will be managed by ASI’s Asian fixed income team, 

It will primarily invest in liquid government securities and highly rated/high quality policy bank, quasi sovereign and investment grade corporate bonds in the mainland Chinese bond market, issued in onshore Renminbi. 

The Aberdeen Global - China Onshore Bond Fund will initially be registered for sale in Luxembourg and Italy, with the intention of further registration in Belgium, Denmark, France, Germany, Netherlands, Spain, and Switzerland. 

IW Capital
London-based IW Capital, a private investment firm has launched its first secured debt fund. 

The fund is to be the first in a series of diversified investment vehicles that IW Capital is planning to launch over the coming months.

This first fund, which will raise £4.5 million, will primarily target the high net worth and family office market. 

Additionally, it will also be positioned to attract investment from the wider IFA and retail investment arena. 

It will operate for three years, and thereafter there will be a 12-month run-off period. It will aim to pay investors a minimum return of 7.0 per cent per annum, and if returns have exceeded this level at the end of the fund's life, then any income or capital gains in excess of this target future will be returned to investors and IW Capital on a 50:50 basis.