EUROPE - Hermes Pensions Management is the latest in a line of asset managers and pension funds that have joined the Enhanced Analytics Initiative (EAI).
The band of European institutions that includes Dutch pension fund PGGM and UK-based Universities Superannuation Scheme (USS) encourage research houses to analyse intangibles and now command more than e457bn in assets under management.
In joining the EAI, the members commit to allocating a minimum of 5% of their annual broker commissions to those who best analyse the extra-financial and intangible issues that can affect a company’s or sector’s performance.
Nick Mustoe, chief investment officer of Hermes, said: “We believe that analysis of a wide range of extra-financial measures is a key element in identifying the long term value and prospects of the companies we invest in.”
Current members are AGF Asset Management, BNP Paribas Asset Management, Deutscher Investment Trust/ Dresdnerbank Investment Management, Generation Investment Management, London Pension Fund Authority, Mistra, PGGM, RCM, SNS Reaal Group, Trades Union Congress Superannuation Society and USS.
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