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A meeting of minds: fusing fundamental and systematic analyses

For decades, investment managers have been largely split into two groups: fundamental investors and quantitative investors. And so, it is not surprising that we are often asked to choose a side. But it’s not that simple: we use a unique style, marrying a systematic approach, which minimises behaviour biases, with a fundamental analysis.

In our latest edition of Equitorial, we explain why we adopt an integrated investment approach and how it shapes our research agenda.

More Insights

Global Equity ESG marks six-year anniversary
Today, we look back on six years of Global Equity ESG.
Hermes Podcast: Global Equity ESG
ESG investing: a social uprising
Our seminal paper, ESG investing: does it just make you feel good, or is it actually good for your portfolio?, published in 2014, demonstrated the performance benefits of integrating environmental, social and governance (ESG) factors into investment decisions. 
Uncovering hidden technologies
Lewis Grant, Senior Portfolio Manager, Global Equities, at Hermes Investment Management, highlights the technology companies hiding behind the glitz and glamour of consumer-facing stocks. While the New Year kicked off in the UK with grey skies and drizzle in the air, in Las Vegas the glitz and glamour of the CES technology show rolled into town. Amongst the razzmatazz of big budget, ground breaking VR products it is easy for investors to become distracted, however, we look beyond the sequins to discover the hidden technologies behind the futuristic gadgets we see at these shows.
Analysis of the impacts of exclusion lists show the devil is in the detail
Institutional investors need a greater understanding and education of exclusion lists due to varied and numerous ramifications, according to a new paper by Hermes Investment Management, the £28.6 billion manager focused on delivering superior, sustainable, risk adjusted returns to its clients – responsibly. The report from the firm’s Global Equities team, From faith to fact in ESG exclusions: a behind-the-scenes analysis, models four different approaches to excluding holdings with climate change concerns, while ostensibly meeting the same goal: to produce diverse risk and performance outcomes.
ESG exclusions: a behind-the-screen analysis
The exclusion of certain businesses from investment portfolios – such as tobacco or weapons stocks – whose activities oppose the ethical views held by an investor, was initially practiced by a fervent few as one of the earliest forms of responsible investing.