Hermes Commodities launches absolute return strategy

Hermes Commodities, one of the largest fund managers in commodities, with over $2bn of assets under management, is launching a new absolute return strategy.

It will aim to achieve capital appreciation and generate absolute returns while maintaining a market neutral exposure.

The Hermes Commodities Alpha Strategy ($178.2m as of August 31, 2012) has moved to the new higher risk market neutral strategy.

Hermes has also transferred the Hermes Commodities Index Strategy ($350.4m as of August 31, 2012) into the Hermes Commodities Index Plus Strategy ($817m as of August 31, 2012). This will offer clients innovative strategies in the long-only active and long/short market neutral space.

Colin O’Shea, head of Hermes Commodities and portfolio manager, said there is a distinctive shift in the market with more investors moving from passive strategies to active. “Hermes is an active manager, and believes that active management achieves greater risk adjusted returns.”

Hermes manages assets on behalf of more than 170 clients across these investment areas with £24.8bn assets under management. Additionally, Hermes Equity Ownership Services takes on a stewardship role engaging globally on more than £89bn of assets.

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