Calvert Investments chooses Hermes to subadvise new equity fund

Calvert Investments hired Hermes Investment Management as subadviser to the Calvert Emerging Markets Equity Fund that was launched Friday, according to filings with the Securities and Exchange Commission.

Gary Greenberg and Elena Tedesco are lead portfolio manager and co-portfolio manager, respectively, for the active all-cap fund, which uses Calvert’s sustainability and corporate responsibility criteria as an investment screen.

Calvert intends to market the fund to 401(k) plans, Melinda Lovins, Calvert’s media relations manager, said in an e-mail.