Federated Hermes, Inc. launches MDT Mid Cap Growth Collective Investment Fund

Core Insights - Federated Hermes, Inc. has launched the Federated Hermes MDT Mid Cap Growth Collective Investment Fund aimed at qualified retirement plan investors, focusing on capital appreciation through a diversified portfolio of US mid-cap growth companies [1][2] - The fund utilizes a systematic, bottom-up stock-selection process that leverages advanced research and technology to minimize subjective influences [1][2] - The fund is managed by an experienced team with a combined total of over 81 years in investment management, overseeing more than $10 billion in various investment vehicles [2][3] Company Overview - Federated Hermes is a global leader in active investment management, with $782.7 billion in assets under management as of June 30, 2024, serving over 10,000 institutions and intermediaries worldwide [4] - The company offers a wide range of investment solutions, including equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies [4] - Federated Hermes has a significant presence with more than 2,000 employees across various global offices, including locations in London, New York, and Boston [4] Fund Details - The new MDT Mid Cap Growth fund is Federated Hermes' first equity collective investment trust (CIT), complementing existing fixed-income CITs [3] - The fund aims to differentiate itself by seeking alpha from multiple sources, enhancing its appeal in the retirement market [2] - The management team includes Daniel Mahr, CFA, Damien Zhang, CFA, Frederick Konopka, CFA, and John Paul Lewicke, each bringing extensive experience to the fund's operations [2]