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Bt Pension Scheme Sells Majority Stake In Hermes To Federated Investors | Swfi - Sovereign Wealth Fund Institute
Posted on: April 13, 2018, 3:01 p.m.
The BT Pension Scheme (BTPS) sold its majority 60% stake in Hermes Fund Managers for around £246 million to New York-based Federated Investors. The deal values Hermes at £410 million. Hermes will remain a London-based company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ] Full investment news articleRelevent to this post: Montefiore Medical Center Michigan State University Office of Investments,