The investment management industry is today falling short of its duty to create long-term, sustainable wealth and must now put active stewardship at the centre of its activities, operations and purpose. This is the conclusion of a new paper from Hermes Investment Management.

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The Bank of England was on hold today, as largely expected, and the MPC unanimously voted to keep policies unchanged.

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Hermes Investment Management, the €37.3 billion manager, has today announced that it has opened new offices in Germany and Denmark.