Popular movements seem more likely to emanate from camped-out protesters than boardrooms, but a new organisation headed by Hermes Fund Managers acting chief executive officer Saker Nusseibeh has the ambitious aim of radically reforming the investment industry.

Nusseibeh and nine other prominent chief investment officers of asset management firms around the world have combined to form The 300 Club.

As the club’s chair, Nusseibeh says the organisation’s aims are to encourage debate challenging the basis of modern financial theory in light of the systemic failings that have led to the global financial crisis and the current sovereign wealth crisis.

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