Property News · June 12, 2016

Hermes fund manager drafts plan to end City short-term investments


Investor group leads plan for pension funds and managers to focus more on ethical investment and long-term performance One of Britain’s biggest investment groups is spearheading an effort to break with the City’s notorious short-termism, and push fund managers to focus on the social, environmental and economic consequences of investment decisions.Hermes Investment Management has begun talks with others in the industry to draw up a new contract between investors and the pension funds that employ them that would be based on longer-term performance and broader criteria than immediate financial returns. Continue reading…

Source : theguardian.com
Read more…Hermes fund manager drafts plan to end City short-term investments

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