Fund Manager Chat: Andrew Parry – Hermes Equities

The “Brexit” result in the recent British EU membership referendum has surprised many analysts and investors. According to Lipper data, the European mutual fund market suffered net outflows of over €20 billion in June 30, 2016. Despite this, equity markets have been surprisingly buoyant with the MSCI World Index in Sterling reaching a five-year high (see Exhibit 1. below).

In this podcast, Andrew Parry, Head of Equities at Hermes Investment Management, examines the recent machinations of the European equities market and discuss current opportunities and threats in light of post-referendum uncertainty.

He is talking with Jake Moeller, Head of UK and Ireland Research at Lipper on July 29, 2016.

Exhibit 1. MSCI World Index Price Chart (five years to July 29, 2016 in GBP)

Source: Eikon

Andrew Parry is Head of Equities for Hermes Investment Management. Prior to joining Hermes he established Pembroke Capital Management in January 2003 and successfully launched the Magenta Fund, a global equity non-directional fund in March of that year, which reached $240m peak assets under management.

Andrew Parry, Head of Equities – Hermes Investment Management. With permission.

He has held a variety of senior investment roles including Head of International Equities at Julius Baer Investments, Chief Investment Officer at Lazard Brothers Asset Management, and Head of UK Equities at Baring Asset Management. He has over 32 years of investment management and business-building experience and holds an MA in Mathematics from the University of St Andrews.