Hermes BPK Starts $275 Million Alpha Vault Managed Futures

Hermes BPK Partners LLP, an advisory and fund of hedge funds manager with $2.3 billion assets under management, said it launched a $275 million account.

The Alpha Vault Managed Futures account uses five funds to invest in futures markets, the company, owned by the BT Pension Scheme, said in a statement today. Hermes BPK will start marketing the account, which will be run by Mark Barker and Gregory Knott, in the first quarter, Matteo Dante Perruccio, chief executive officer of Hermes BPK, said in a telephone interview from London today.

“Everybody is feeling over-exposed, they don’t feel confident with their risk profiles,” Perruccio said. “We built this solution for one investor, but we are going to make it available to other investors. We think it has huge potential.”

To contact the reporter on this story: Maria Kolesnikova in London at mkolesnikova@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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