Fund manager Hermes Investment Management has launched an Impact Opportunities Strategy fund, which will be a concentrated, high-conviction global equity portfolio of 25 to 50 securities. Each stock will be typically held for five to 10 years with the philosophical foundation of increasing prosperity in society through sustainable impact investing.
Hermes head of sustainable investing, Andrew Parry, commented: “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.”
The fund will be managed by Tim Crockford, supported by a team of four. He 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.”