Federated Hermes Enters Fourth Quarter With $6.5 Billion Awaiting Funding
Photo: TokenPost
President and CEO J. Christopher Donahue put Federated Hermes’ net institutional wins awaiting funding at about $6.5 billion as the firm entered the fourth quarter, and projected about $7 billion in net sales from MDT additions to equity strategies. The $6.5 billion pipeline covers wins across funds and separate accounts. The $7 billion projection is a separate measure, and the relationship between the two figures was not specified. Raymond Hanley, president of Federated Investors Management Company, put the expected funding period for the equity portion at the next two quarters. MDT is Federated Hermes’ suite of quantitative investment solutions.
Source: TokenPost
