Hermes concludes an agreement with Switzerland
Hermes Fund Managers ( Hermes Birkin Handbags ) announced that it has received a mandate from 120 million Swiss trustee of the pension fund.
The mandate is to act as sub-advisor for the Foundation IS investments of pension funds ( STI) , a non -profit organization and the largest independent trust for pension funds in Switzerland.
IS CHF5.7bn managed on behalf of 560 clients and has a long-term strategy that will serve the investment needs of pension systems concentrated.
The new mandate brings its total assets under management of U.S. SMID Hermes strategy almost 900 million euros .
Hanspeter Vogel , head of STI Products , said: "The U.S. SMID Hermes strategy from a highly competitive field was considered the best in the class IS was selected to long roadmap strategy outperformance attracted a lower than average for the asset class risk . " .
Robert Anstey , Senior Portfolio Manager of Hermes U.S. Small and Mid-Cap Strategy, said : "We are delighted to be working with an institution of the position of the IS and the feeling that the investment horizon of their long-term customers is a perfect match for how we invest in small and mid-cap stocks in the United States . " Hermes Kelly Handbags