Managing Portfolio Managers
Current Head of Investment at Hermes Investment Management
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Why is this interview interesting?
Rules and processes to manage a portfolio manager
Managing Portfolio Managers(November 29, 2019)
Eoin Murray
Current Head of Investment at Hermes Investment Management
Eoin is Head of Investment and a member of Hermes’ Executive Committee. Eoin also leads the Investment Office, which is responsible to clients for the investment teams’ consistent delivery of responsible, risk-adjusted performance and adherence to the ESG processes at Hermes. Eoin joined Hermes in January 2015 with over 20 years’ investment experience. Eoin joined from GSA Capital Partners, where he was a fund manager. Before this, he was Chief Investment Officer at Old Mutual from 2004 to 2008 and also held senior positions at Callanish Capital Partners LLP and Northern Trust Global Investments. He began his career as a graduate trainee at Manufacturers Hanover Trust (now JPMorgan Chase) and subsequently performed senior portfolio manager roles at Wells Fargo Nikko Investment Advisors (now BlackRock), PanAgora Asset Management and First Quadrant.
Interview Transcript
What rules do you have in place to check on the portfolio manager’s process?
We’ve got both formal and informal mechanisms to do that. We run, what we call, an investment office, which is independent to the portfolio management teams, and offers quality control and oversight, that whatever has been agreed between the portfolio manager and myself, that they are following exactly what we’ve agreed. On a formal basis, we have regular monthly meetings, in which the portfolio managers will demonstrate that, to a broad committee, which includes some of our client relationship executives, to be sure that we are fully aligned the way in which our clients want us to manage that money.
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