Introduction
Hermes Focus Asset Management (HFAM) and its sister company, Hermes Focus Asset Management Europe (HFAME), take a unique approach to investment management. Both invest in companies that are fundamentally sound but whose shares are discounted by the market as a result of strategic, governance or financial structuring weaknesses and where shareholder involvement can be the catalyst for change and result in improved performance.

The approach is based on the fundamental belief, shared throughout Hermes, that companies with concerned and involved shareholders are more likely to achieve superior long-term returns than those without. The funds managed by HFAM and HFAME are the logical extension of the corporate governance, voting and shareholder engagement activities of Hermes.