Hermes Investment Management (Hermes), the £30.8 billion manager, has today announced the launch of the Hermes Impact Opportunities Strategy, which will be managed by Tim Crockford, and supported by a team of four. The Hermes Impact Opportunities Strategy will be leveraging expertise from across the business, including global and regional equity teams.
Hermes Impact Opportunities is a concentrated high-conviction global equity portfolio of 25-50 securities, typically held over five to 10 years with a bold philosophical foundation: to increase prosperity in society through sustainable impact investing and companies which must be linked to at least one UN Sustainable Development Goal.
Tim has 11 years’ experience identifying companies with emerging growth catalysts for value creation. The London-based team brings together experienced investment and stewardship professionals from across Hermes to create a high conviction equity strategy combined with world-class engagement. Tim will continue to manage the Hermes Europe ex UK strategy.
Andrew Parry, Head of Sustainable Investing, Hermes Investment Management said: “The scale of public equity markets means that listed companies can meaningfully influence society and the environment as powerful agents of change. We have seen this first-hand at Hermes over our decades of investing responsibly and driving long-term portfolio returns from purposeful companies with innovative solutions to meet society’s needs. Hermes Impact Opportunities is a natural extension of our longstanding commitment to active ownership and responsible investing."
Tim Crockford, Portfolio Manager Hermes Impact Opportunities, Hermes Investment Management said: “We aim to generate value for our clients because the companies in which we invest are making a positive and sustainable impact on society and the environment in which they operate. Our unconstrained and benchmark agnostic approach will allow the team to scour the global investment universe for innovative, purposeful companies, that have a positive impact on the lives of all of their stakeholders.”
Hermes Impact Opportunities launches in January 2018, subject to regulatory approval.
Economic outlook - looking into 2018