Federated Hermes Reports Record $110.5 Billion in Equity Assets Under Management for Q3
Federated Hermes (FHI) reported record equity assets under management (AUM) of $110.5 billion at the end of the third quarter, marking an increase of $949 million from the previous quarter. This growth was driven by positive net inflows totaling $1.9 billion, which helped mitigate the impact of declining market valuations. The company maintains a strong outlook with a $6.5 billion pipeline expected to be funded over the next two quarters. Management anticipates this will lead to approximately $7 billion in additional equity AUM, signaling robust momentum in their asset management business.
Tickers: $FHI
Topics: equity assets under management net inflows quarterly results