Federated Hermes: Money Market Boom Drives Record Business

Federated Hermes, formerly known as Federated Investors, is an international asset manager based in Pittsburgh. The company offers equity, bond, money market, and alternative investment strategies for institutional investors, banks, and individual investors. A particular strength lies in the money market business, which benefits from high short-term interest rates and the growing need for liquid investment products. By the end of the first quarter of 2026, Federated Hermes managed a record asset total of approximately $907 billion. Growth is expected...