Hermes’ advisory subsidiary has set up a joint venture with research company, IVOX, IPE reports. The venture will advise German pension funds on becoming active shareholders.
At present, Hermes Equity Ownership Services advises clients with collectively more than €75 billion in assets under management. Karlsruhe-based IVOX focuses on analyzing AGMs, proxy voting and computing disclose thresholds.
Click here for the story from IPE.