If you’re into investing, you might have come across the terms “Federated Hermes” and “Federated Investors”. Are these two companies the same? Let’s take a closer look.
First of all, Federated Investors is an investment management company based in Pittsburgh, Pennsylvania. The company was founded in 1955 and has since grown to become one of the largest investment managers in the United States. Federated offers a wide range of investment products such as mutual funds, separately managed accounts, and retirement plans.
Now, let’s talk about Federated Hermes. In June 2020, Federated Investors completed its acquisition of a majority interest in Hermes Fund Managers Limited.
As a result, the company was renamed Federated Hermes. Hermes Fund Managers Limited is an active asset management company based in London, UK. The firm was founded in 1983 and has established itself as a leader in sustainable investing.
So to answer the question – no, Federated Hermes is not the same as Federated Investors. However, they are now part of the same corporate family.
It’s worth noting that while Federated Hermes is now part of the larger Federated family, it remains an independent subsidiary with its own investment philosophy and approach to sustainable investing.
In terms of what this means for investors – if you’re invested in any products managed by Federated or Federated Hermes, it’s important to keep an eye on any changes that may occur due to this corporate restructuring. However, both companies have stated that their respective investment strategies will remain unchanged.
In summary, while they are not exactly the same entity, there is now a connection between Federated Investors and Federate Hermes thanks to an acquisition by the former. Both companies remain independent subsidiaries with their own approaches to investing and serving clients going forward.
If you’re interested in learning more about either company or their respective investment offerings, be sure to do your own research and consult with a financial advisor before making any investment decisions.