Hermes Fund Managers enters five-year risk partnership with Algorithmics

According to Wyn Francis, Hermes Pension Fund Management's head of investment risk, who joined Hermes approximately six months ago after a nine-year stint at PWC, the service is set to replace a number of legacy systems made up from a mix of third-party applications like Barra, and proprietary tools. "We have various platforms that we use to look at some of the hedge fund exposure we run, but nothing that gives us the flexibility to look at the whole scheme in one shot," Francis says. He