Saker Nusseibeh

Hedge Funds

Short-term contracts harm long term value

‘Long-term investors’ will remain short-term investors until they move beyond three year contracts with external managers, according to Saker Nusseibeh, chief executive of Hermes. Challenging delegates at the Equities Summit to question accepted beliefs, Nusseibeh said a bias to owning ‘quality companies’ without carrying out engagement to improve governance was another common investor deceit. The […]
Hedge Funds

New breed passive manager emerges

A new breed of passive manager that conducts greater engagement with companies to create long term value is set to emerge as the scope for large investors to gain access to skilled managers decreases. The US$ 4.77 trillion fund manager BlackRock has already started down this path in the belief that long term financial and […]
CIO profiles

Super CIOs in joint call for a more equitable society

Greater co-operation of superannuation funds is needed to check growing wealth inequality, leading chief investment officers told delegates. The call arose in a discussion of Thomas Piketty’s best-selling finance book Capital in the 21st Century and its warning that the rate of capital accumulation is growing faster in western societies than the economy. This, Piketty […]
Hedge Funds

We’re all stakeholders, says Hermes CEO

It’s not common to sit in an industry seminar and hear a chief executive utter the words, “Firstly, let me appeal to your hearts”, yet this was the central currency to Hermes CEO Saker Nusseibeh’s keynote at last week’s environmental, social and governance-themed ACSI conference. Addressing a diverse industry crowd, with several major fund CEOs […]