Pension fund sues Hermes fund over ‘existential gamble’ on wind farms
Market Intelligence Analysis
AI-PoweredA pension fund is suing Hermes Investment Management over an 'existential gamble' on wind farms, claiming the investment was too high-risk for a responsible manager. The lawsuit alleges that no competent infrastructure manager would have made such an investment. The outcome of the lawsuit could impact the reputation of Hermes and the broader investment industry.
Market impact analysis based on bearish sentiment with 80% confidence.
Article Context
Claim alleges ‘no competent infrastructure manager’ would have invested in such ‘highly risky’ assets
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