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  • December 6, 2018
    Stewardship
    Investing for the climate is good business
    Saker Nusseibeh
  • How Markets Are Missing The Biggest Populist Movement Of All
    Saker Nusseibeh
  • October 29, 2018
    Corporate News
    How markets are missing the biggest populist movement of all
    Saker Nusseibeh
  • July 19, 2018
    Corporate News
    Why I’m worried: I’m the only one worrying
    Saker Nusseibeh
    There is something worrying me about the market at the moment: no one seems to worry to the same extent as me.
  • April 5, 2018
    Corporate News
    Hermes responds to the FCA’s announcement on the latest steps in implementing the Asset Management Market Study
    Saker Nusseibeh
    We welcome the FCA’s announcement on the latest steps in implementing the Asset Management Market Study. At Hermes we have long held the belief that it is our duty to always act in the clients and their beneficiaries’ interests, and to invest in way that is responsible. Moreover, we have long advocated that good governance is a cornerstone of active investing, and therefore welcome the rules on better governance of funds. Our Responsibility team is accountable for developing and integrating responsibility across the business alongside the Investment Office, which is answerable to clients for the investment teams’ consistent delivery of responsible, risk-adjusted performance and adherence to the processes which earned them their ‘kitemarks’. As an active manager with high active share, we share the view that true active management is rare, but that transparency is an integral part of the reporting process. However, one area where we would welcome more dialogue, is around stewardship. It is our view that stewardship is a vital element of fund management, and should be seen as the ultimate goal of the industry in order to contribute to a more sustainable form of capitalism over the long-term. We strongly believe that stewardship generates value add over the long-term for all stakeholders, helping people invest better, retire better and create a better society for all.
  • November 15, 2017
    Corporate News
    Hermes: Opportunity knocks thanks to need to tackle climate change
    Saker Nusseibeh
    Hermes Investment Management, the £30.8 billion manager, has today published the white paper, The low carbon opportunity – and the risks of missing out, which looks at how since the Paris Accord on climate change, it has become clear that the agreement has created numerous investment opportunities. Thanks to the Paris agreement’s focus on the need to decarbonise the economy, and subsequent initiatives such as the Financial Stability Board’s Taskforce on Climate-Related Disclosures (TCFD) and the statement by G20 countries that climate change represents a systemic risk to the financial system, the debate on the need for investors to act on climate change has clearly moved on.
  • October 31, 2017
    Stewardship
    Fewer-than-half of investors believe focusing on ESG produces better long-term returns
    Saker Nusseibeh
    Hermes Investment Management, the £30.1 billion manager today published a paper from its annual Responsible Capitalism survey, Responsible Investing & the Persistent Myth of Investor Sacrifice. The survey of 104 leading institutional investors reveals that fewer than half (48%) believe companies that focus on ESG issues produce better long-term returns. The figure represents a dramatic drop in confidence from 56% in the 2016 survey – and while the findings also showed 86% of investors believe fund managers should price in corporate governance risks as a core part of their investment analysis. Saker Nusseibeh, Chief Executive of Hermes Investment Management, says many investors are clinging to a persistent myth that to meet ESG criteria something must be sacrificed. “It’s clear from this year’s Responsible Capitalism survey many institutional investors still view ESG as a tick-box exercise to keep risk managers happy rather than part and parcel of building a better future for retirees. “The link between ESG considerations and financial value creation needs to be more clearly recognised. Companies that can adapt to social and environmental change are likely to deliver better long-term results for shareholders. For example, a company that harnesses big data to make industrial processes more efficient is in a better position than one relying on old and wasteful practices and companies that treat their staff well have a more productive workforce,” Nusseibeh said.
  • September 26, 2017
    Corporate News
    Hermes Investment Management moves its headquarters to the heart of the City
    Saker Nusseibeh
    Hermes Investment Management (Hermes), the £30.1 billion manager, has today announced it will be moving its headquarters to 150 Cheapside in January 2018. Based in the heart of the City, and totalling 46,000 square feet, 150 Cheapside will now be home to 400 members of staff. Saker Nusseibeh, Chief Executive, Hermes Investment Management, said: “This move to 150 Cheapside reflects the transformation Hermes has undergone over the past five years into a fast growing global business. Third party revenues now equate to almost 70%, with underlying profits of £15.5m in 2016.
  • September 11, 2017
    Corporate News
    Hermes joins the United Nations Global Compact
    Saker Nusseibeh
    Hermes Investment Management (Hermes), the £30.1 billion manager, has today announced that it has joined the United Nations Global Compact, the world’s largest corporate sustainability initiative. The United Nations Global Compact is a call to companies everywhere to align their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and to take action in support of UN goals and issues embodied in the Sustainable Development Goals.
  • June 30, 2017
    Corporate News
    Hermes Investment Management publishes its Modern Slavery Statement
    Saker Nusseibeh
    Hermes Investment Management (Hermes), the £30.8 billion manager, today published its Modern Slavery Statement in accordance with the Modern Slavery Act 2015 (The Act). At Hermes, we are committed to being a responsible business and endeavour to uphold high ethical principles and to respect human rights. We have used the requirements introduced by The Act as an opportunity to review the way in which we operate our own business, together with the way in which we interact with others, including our clients and suppliers. Moreover, we have also considered the area where we have the ability to make the most impact – our investments. Our objective is to ensure that there is no modern slavery or human trafficking in any of our business dealings.
  • June 28, 2017
    Corporate News
    Hermes responds to FCA Asset Management Market Study
    Saker Nusseibeh
    Hermes welcomes the publication of the FCA’s Asset Management Market Study. The UK is a global leader in asset management, and the industry is an important source of growth in the UK economy. But it needs to change; investors need transparency, responsibility and simplicity. The FCA has observed that the asset management industry is perhaps unique in that higher competition has not driven down average fees. Hermes believes that instead of focusing on profitability, asset managers must focus on how well they serve savers.
  • Hermes responds to the UK General Election results
    Saker Nusseibeh
    With hindsight, the decision of Prime Minister May to hold a snap election backfired spectacularly. A populist surge, similar to what we saw in the UK Referendum or the US and French elections, saw voters respond to Mr McDonnell’s economic policies, and to Mr Corbyn’s authenticity. This combined with growing doubt about Prime Minister May’s leadership, particularly since she was starting to be blamed for not doing enough to deter the terrorist atrocities in Manchester and London, delivered one of the most unexpected results in UK Parliamentary elections in decades. Markets abhor both the unexpected and uncertain.