Hermes Investment Management

Hermes Investment Management is a boutique asset manager, and was originally founded in 1983 to manage the assets of the BT Pension Scheme. Hermes has an AUM of £33bn (as of December 2017), and also runs one of the largest global stewardship business (EOS) which has $545bn of Assets under Advisement. In March 2018, US-based Federated Investors purchased a 60% controlling stake for just under £250m, in a move that will expand distribution channels further but will not affect product management or any of Hermes’ staff directly.