Federated Hermes, Inc.: Money market outflows lead to sequential AUM decline in 3Q

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Summary

Federated Hermes, based in Pittsburgh, is an asset management holding company with about $615 billion in AUM as of September 30, 2020. It offers about 160 equity, fixed-income and money-market funds. The company’s clients include high-net-worth individuals, registered investment advisors, pension funds, charities, and government organizations. Federated Hermes takes a relatively conservative, long-term approach to investing.

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