Hermes BPK Founder Quits

Sep 13 2012 | 7:49am ET

One of the founding partners of fund of hedge funds Hermes BPK Partners and its CEO since its launch four years ago will leave the firm.

Matteo Dante Perruccio will step down at the end of the year but founding partners and co-Chief Investment Advisors Gregory Knott and Mark Barker will continue in their roles, Hermes BPK said.

Hermes was set up by Perruccio, the former co-CEO of Olympia Group, and Hermes Fund Managers. The firm suffered a drop in operating profit last year as it swung to a loss as compensation costs grew.

"We thank Matteo for his dedication and for all that he has achieved in a very challenging environment," HFM CEO Saker Nusseibeh said. "We wish him every success for the future."

"I would like to thank Saker Nusseibeh and Hermes for their unwavering support building a successful business over the past four years," Perruccio, also a former CEO of Pioneer Asset Management, said. "I am confident Hermes BPK will continue on its road to success and remain an innovative leader in the industry."


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

The Road To Tax Alpha

May 28 2015 | 5:36am ET

Tax-related alerts are increasingly helping investment managers harvest tax alpha...

 

Sponsored Content

Editor's Note