Have you ever wondered about the ownership of Federated Hermes? If so, you’re in the right place.
Federated Hermes is a global investment manager that offers a range of products and services to its clients. The company has offices all around the world, and its clients include institutional investors, financial intermediaries, and individual investors.
Who owns Federated Hermes?
Federated Hermes is a publicly traded company, which means that it is owned by its shareholders. As of writing this article, the largest shareholder of Federated Hermes is The Vanguard Group, Inc., which owns around 12% of the company’s outstanding shares. Other major shareholders include BlackRock Inc., State Street Corporation, and T. Rowe Price Associates, Inc.
The history of Federated Hermes
Federated Hermes was founded in 1955 by John F. Donahue and Richard B. Fisher. The company started out as a small investment advisory firm in Pittsburgh, Pennsylvania. Over time, it grew into one of the largest investment managers in the world.
In 2010, Federated Investors changed its name to Federated Hermes to reflect its new partnership with London-based asset manager Hermes Fund Managers Limited. Under this partnership, both companies combined their resources to offer their clients a wider range of products and services.
The products and services offered by Federated Hermes
Federated Hermes offers a range of investment products and services to its clients. Some of these include:
- Mutual funds: Federated Hermes offers over 130 mutual funds that cover a variety of asset classes.
- Institutional strategies: The company also offers customized investment solutions for institutional investors.
- Wealth management: Federated Hermes provides wealth management services to high-net-worth individuals.
- Pension solutions: The company offers pension solutions to help clients manage their retirement plans.
The company’s commitment to sustainability
Federated Hermes is committed to promoting sustainability through its investment products and services. The company has developed a proprietary scoring system called the Federated Hermes ESG (environmental, social, and governance) Quality Score. This score evaluates companies based on their ESG practices and helps the company identify investment opportunities that align with its clients’ values.
In addition to this, Federated Hermes is also a signatory of the United Nations-supported Principles for Responsible Investment (PRI). These principles provide a framework for incorporating ESG factors into investment decision-making.
The bottom line
Federated Hermes is a global investment manager that offers a range of products and services to its clients. The company is owned by its shareholders, with The Vanguard Group being the largest shareholder. Federated Hermes is committed to promoting sustainability through its investment products and services, and it offers a range of solutions to help clients achieve their financial goals.