Headquartered in Pittsburgh, PA, Federated Hermes, Inc. is a global asset manager, with $757.6 billion in AUM, as of Dec 31, 2023. It was formed from the merger between Federated Investors and Hermes Investment Management.

The combined identity was achieved by Federated Investors, Inc. changing its corporate name and ticker symbol on the New York Stock Exchange from FII to FHI. Federated offers world-class active investment management and engagement services across a wide range of asset classes for investors around the world.

Federated’s clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers.

Federated provides investment advisory, administrative, distribution and other services to various investment products, including sponsored investment companies and other funds (Federated Hermes Funds) and Separate Accounts (which include separately managed accounts, institutional accounts, certain sub-advised funds and other managed products) in both domestic and international markets. The company offers financial intermediaries and institutions strategies that include regional and global high-active-share equities, fixed income, real estate, infrastructure, private equity and private debt. Beyond investment management, Federated markets and provides stewardship and real estate development services to various domestic and international companies.

In 2022, Federated closed the acquisition of substantially all assets of C.W. Henderson and Associates, Inc. In 2021, it completed the buyout of certain investment management-related assets of Horizon Advisers, and the changeover of equity and fixed-income fund assets worth nearly $562 million. Also, it acquired the remaining 29.5% interest in London-based Hermes Fund Managers Limited from BT Pension Scheme (BTPS). In 2018, Federated had acquired a controlling interest (60%) in Hermes Fund Managers Limited.