Federated Hermes Rides on Improving AUM Balance Amid High Expenses

Federated Hermes (FHI) has been benefiting from rising assets under management (AUM). A manageable and strong liquidity position, and sustainable capital distribution activities are encouraging. However, increased expenses are near-term concerns.Factors Fuelling Federated HermesAcquisition of Money Market Assets: Acquiring money market assets depicts the buoyancy of Federated Hermes in the money market business. The company’s money market assets increased 10.5% in the first nine months of 2024 from the same ...