Reports Q4 revenue $391.5M, consensus $396.98M. “Federated Hermes’ record assets at year-end were driven by another quarter of money market asset increases, as our liquidity products continued to provide a vital cash management resource for clients,” said J. Christopher Donahue, president and CEO. “In addition, as they navigated market volatility, investors turned to a diverse range of our active management strategies-from our fundamentally based MDT equity strategies to high-yield fixed-income to unconstrained credit alternatives.”
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