Hermes Pension Management will offer internal consultancy to its clients at no extra cost, IPE reports. Hermes will provide copies of relevant parts of committee minutes concerning teams and their strategies to clients in addition to quarterly reports. The new investment office function is embedded in the CIO office at Hermes. The firm has also developed its proprietary multi-factor econometrics model, multiFRAME, and allocated risk management specialists, attribution specialists and fund managers to the investment office function.

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