Federated Hermes, Inc. Launches $81 Million Market Neutral Fund
September 29, 2021 at 04:17 pm EDT
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Federated Hermes, Inc. announced the launch of the Federated Hermes MDT Market Neutral Fund, which seeks to provide long-term capital appreciation while limiting exposure to general stock market risk. Through a quantitative model driven by fundamental and technical stock selection variables, the fund combines long and short exposures in stocks of U.S. companies as it seeks to reduce the impact of market volatility. The fund aims for returns that are uncorrelated to the U.S. stock market. The Federated Hermes MDT Market Neutral Fund inherits the historical performance of the Hancock Horizon Quantitative Long/Short Fund, whose assets Federated Hermes acquired in a transaction completed and announced Sept. 28, 2021. The Federated Hermes MDT Market Neutral Fund uses the ICE BofA 3-Month Treasury Bill Index as its benchmark. It is initially being marketed in IS and A shares.
Federated Hermes, Inc. is an investment management company. The Company operates through a single segment, being the investment management business. It sponsors, markets and provides investment-related services to various investment products, including sponsored investment companies and other funds (Federated Hermes Funds); and Separate Accounts, which include separately managed accounts (SMAs), institutional accounts, sub-advised funds and other managed products in both domestic and international markets. In addition, it markets and provides stewardship and real estate development services to various domestic and international companies. The Company provides investment advisory services to approximately 180 Federated Hermes Funds. It markets these funds to institutional customers and banks, broker/dealers and other financial intermediaries who use them to meet the needs of customers and/or clients, including, among others, retail investors, corporations and retirement plans.
FEDERATED HERMES, INC. 
