Federated Hermes, Inc. reports developments in active investment management across liquidity management, equity, fixed-income, alternative/private markets and multi-asset strategies for institutional and intermediary clients. Recurring updates cover earnings, managed-asset levels and flows, money market and equity asset trends, quarterly common-stock dividends, investor conference participation and shareholder-meeting matters.
Company news also includes product and platform actions, including dividends for Federated Hermes Premier Municipal Income Fund, leverage changes at that fund, leadership succession within investment-management units and completed acquisitions such as Federated Hermes FCP Manager, LLC, which expanded the firm's U.S. real estate and private-markets capabilities.
Federated Hermes (NYSE: FHI) reported strong Q1 2025 financial results with record-breaking performance. The company achieved earnings per diluted share of $1.25, up from $0.89 in Q1 2024, while net income rose to $101.1 million from $75.0 million year-over-year.
Total assets under management reached a record $839.8 billion, increasing 8% from the previous year, with money market assets hitting an all-time high of $637.1 billion. The company's board approved a 9.7% dividend increase to $0.34 per share, payable on May 15, 2025.
During Q1 2025, the company repurchased 3,057,542 shares for $120.1 million. Revenue increased 7% year-over-year, primarily driven by higher average money market assets and increased performance fees. The quarter also benefited from a $12.9 million decrease in operating expenses due to a VAT refund in the UK.
Federated Hermes (NYSE: FHI) has announced the availability of monthly fund composition and performance data for its Premier Municipal Income Fund (NYSE: FMN) as of March 31, 2025. The data can be accessed in the Products section of FederatedHermes.com/us.
The company, a global leader in active investment management, manages $829.6 billion in assets as of December 31, 2024. They serve over 10,000 institutions and intermediaries worldwide, offering various investment solutions including equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies.
Investors can obtain hard copies of the fund data by calling 800-245-0242 x5587538, emailing CEinfo@federatedhermes.com, or writing to their Pittsburgh headquarters. The company employs more than 2,000 people across offices in London, New York, Boston, and worldwide.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has announced its latest dividend declaration. The fund, which provides tax-exempt income from regular federal income tax and federal alternative minimum tax (AMT), will distribute a dividend of $0.0400 per share, unchanged from the previous month.
Key dates for the dividend distribution are: Record Date and Ex-Dividend Date: April 23, 2025, and Payable Date: May 1, 2025. The announcement comes from Federated Hermes (NYSE: FHI), a global investment management firm managing $829.6 billion in assets as of December 31, 2024, serving over 10,000 institutions and intermediaries worldwide.
Federated Hermes (NYSE: FHI), a global investment management firm, has scheduled its first quarter 2025 earnings release for Thursday, April 24, 2025, after market close. The company will host a conference call on Friday, April 25, 2025, at 9 a.m. Eastern, led by President and CEO J. Christopher Donahue and CFO Thomas R. Donahue.
The company's Annual Shareholder Meeting will be held via teleconference on Thursday, April 24, 2025, at 4 p.m. Eastern. As of December 31, 2024, Federated Hermes manages $829.6 billion in assets, serving over 10,000 institutions and intermediaries worldwide with various investment solutions including equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies.
Federated Hermes (NYSE: FHI) has announced the availability of monthly fund composition and performance data for its Premier Municipal Income Fund (NYSE: FMN) as of February 28, 2025. The data can be accessed through the Products section of FederatedHermes.com/us.
The company, a prominent player in active investment management, manages $829.6 billion in assets as of December 31, 2024. Based in Pittsburgh, Federated Hermes serves over 10,000 institutions and intermediaries worldwide, offering diverse investment solutions including equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies. The firm employs more than 2,000 professionals across offices in London, New York, Boston, and other global locations.
Federated Hermes (NYSE: FHI) has won multiple 2025 LSEG Lipper Fund Awards for consistently strong risk-adjusted performance across several funds. The awards recognize performance through November 30, 2024.
Key achievements include:
- MDT Mid Cap Growth Fund won awards for 3-, 5-, and 10-year performance periods
- MDT All Cap Core Fund outperformed in Multi-Cap Core Funds category over 5 years
- Conservative Municipal Microshort Fund led Short Municipal Debt Funds category for 3 years
- Corporate Bond Strategy Portfolio topped Corporate Debt BBB-Rated category for 10 years
The company manages $829.6 billion in assets as of December 31, 2024, serving over 10,000 institutions worldwide. The MDT investment team, with over 80 years combined experience, manages $14.2 billion using a quantitative, bottom-up approach. The municipal management team oversees approximately $23 billion in municipal strategies.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) announced a dividend declaration. The fund aims to provide investors with tax-exempt dividend income from regular federal income tax and federal alternative minimum tax (AMT).
Federated Hermes (NYSE: FHI), the fund's parent company, manages $829.6 billion in assets as of December 31, 2024. The global investment management firm serves over 10,000 institutions and intermediaries worldwide, offering various investment strategies including equity, fixed-income, alternative/private markets, multi-asset, and liquidity management. The company employs more than 2,000 people across offices in Pittsburgh, London, New York, Boston, and other global locations.
Federated Hermes (NYSE: FHI), a global leader in active investment management, has filed its annual report on Form 10-K with the SEC for the fiscal year ended December 31, 2024. The company reported $829.6 billion in assets under management as of December 31, 2024.
The company serves over 10,000 institutions and intermediaries worldwide, providing equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies. Their client base includes corporations, government entities, insurance companies, foundations, endowments, banks, and broker/dealers.
Federated Hermes maintains a global presence with more than 2,000 employees across offices in Pittsburgh (headquarters), London, New York, Boston, and worldwide locations.
Federated Hermes (NYSE: FHI), a global investment management leader with $829.6 billion in assets under management, announced that President and CEO J. Christopher Donahue will present at the 2025 RBC Capital Markets Global Financial Institutions Conference.
The presentation is scheduled for March 4, 2025, from 10:40 to 11:10 a.m. ET. Investors can access the live webcast through FederatedHermes.com/us, with registration required at least 15 minutes before the presentation.
The company serves over 10,000 institutions and intermediaries worldwide, offering equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies. With headquarters in Pittsburgh, Federated Hermes employs more than 2,000 people across offices in London, New York, Boston, and worldwide.
Federated Hermes (NYSE: FHI) has announced the availability of monthly fund composition and performance data for the Federated Hermes Premier Municipal Income Fund (NYSE: FMN) as of January 31, 2025. The data can be accessed in the Products section of FederatedHermes.com/us.
Investors can obtain hard copies of this data by calling 800-245-0242 x5587538, emailing CEinfo@federatedhermes.com, or writing to their Pittsburgh address. The company manages $829.6 billion in assets as of December 31, 2024, serving over 10,000 institutions and intermediaries worldwide with various investment solutions including equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies.
With more than 2,000 employees across offices in London, New York, Boston, and worldwide, Federated Hermes specializes in active, responsible investment management for diverse clients including corporations, government entities, insurance companies, foundations, endowments, and banks.