- Newest MDT product aims to meet growing demand for
retirement products
PITTSBURGH, Sept. 26,
2024 /PRNewswire/ -- Federated Hermes, Inc.
(NYSE: FHI), a global leader in active investment management,
today announced the launch of the Federated Hermes MDT Mid Cap
Growth Collective Investment Fund, a strategy for qualified
retirement plan investors. The fund pursues capital appreciation by
investing in a diversified portfolio of US mid-cap growth
companies.
The Federated Hermes MDT stock-selection process utilizes
cutting-edge research, technology and daily data from multiple
market cycles—conferring the advantages of discipline, testability
and repeatability. Through a bottom-up, systematic approach, it
seeks to remove subjective and emotional influences from the
stock-selection process.
The fund is trusteed by Great Gray Trust Company, LLC (Great
Gray), a leading provider of collective investment trusts (CITs) to
the retirement plan market. Through the new CIT, Great Gray will
offer retirement plan investors Federated Hermes MDT's experience
in seeking alpha from multiple sources—differentiating the fund
from many other growth strategies.
"Our MDT strategies have seen continued interest in the
retirement market, and we are pleased to offer another vehicle in
which clients can access our investment team's capabilities," said
Paul Uhlman, President of Federated
Securities Corp. "The new mid-cap growth CIT builds upon our
relationship with Great Gray and is another step in growing
Federated Hermes' global investment platform capabilities and
bringing our diverse range of investment solutions to institutional
investors."
The fund is managed by a veteran portfolio management team:
Daniel Mahr, CFA, who serves as Head
of the MDT Group and has 22 years of experience; Damien Zhang, CFA, who is Head of MDT Research
and has 15 years of experience; Frederick
Konopka, CFA, who is Portfolio and Trading Manager and has
27 years of experience; and John Paul
Lewicke, who serves as Research Manager and has 17 years of
experience. The investment team behind the collective investment
fund also manages more than $10
billion in several Federated Hermes MDT mutual funds, ETFs,
institutional separate accounts and separately managed accounts
(SMAs).
The new fund is Federated Hermes' first equity CIT,
complementing four fixed-income CITs with Great Gray: Federated
Hermes Total Return Bond Collective Investment Fund, Federated
Hermes High Yield Bond Collective Investment Fund, Federated Hermes
Prime Cash Collective Investment Fund and Federated Hermes
Unconstrained Credit Collective Investment Fund. Since 1986,
Federated Hermes also has offered a stable value CIT—the Federated
Hermes Capital Preservation Fund—which is trusteed by Federated
Investors Trust Company.
Federated Hermes, Inc. is a global leader in active, responsible
investment management, with $782.7
billion in assets under management, as of June 30, 2024. We deliver investment solutions
that help investors target a broad range of outcomes and provide
equity, fixed-income, alternative/private markets, multi-asset and
liquidity management strategies to more than 10,000 institutions
and intermediaries worldwide. Our clients include corporations,
government entities, insurance companies, foundations and
endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more than
2,000 employees in London,
New York, Boston and offices worldwide. For more
information, visit FederatedHermes.com/us.
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Collective funds are subject to risks and fluctuate in
value.
The quantitative models and analysis used by MDT may perform
differently than expected and may affect fund performance.
Diversification does not assure a profit nor protect against
loss.
Past performance is no guarantee of future results.
Alpha is a measure of how much or how little return is
generated, given the risk a portfolio takes.
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SOURCE Federated Hermes, Inc.