Federated Hermes Inc - Class B

Federated Hermes, Inc. (NYSE: FHI) is a global active investment manager with $884.4 billion in managed assets as of Sept. 30, 2026. It provides equity, fixed-income, alternative/private markets, multi-asset and liquidity (money market) management strategies through mutual funds, ETFs, separately managed accounts, institutional accounts and sub-advised mandates. It serves more than 11,000 institutions and intermediaries worldwide, including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Revenue comes mainly from investment advisory fees, administrative service fees and other service fees tied to managed assets. In Q3 2026, roughly half of revenue came from money market assets and half from long-term assets, with equity contributing 32%. The company's MDT quantitative equity suite is a key growth driver. It expanded its private markets capabilities through the Q2 2026 acquisition of FCP Fund Manager, L.P., now Federated Hermes FCP Manager, LLC. It employs more than 2,100 people, with operations in the U.S., U.K. and Ireland through advisers including Federated MDTA LLC and Hermes Investment Management Limited. Updated Oct 29, 2026