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Hermes began operating in 1983 as PosTel Investment Management Limited (PosTel) in 1983, [7] the investment management team of the Post Office Staff Superannuation Fund. The fund subsequently split into two pension schemes, the Post Office and British Telecommunications Staff Superannuation schemes.
Federated Hermes is an investment manager headquartered in Pittsburgh, Pennsylvania, United States. Founded in 1955 and incorporated on October 18, 1957, [ 1 ] the company manages $829.6 billion of customer assets , as of December 2024.
Having started as a property investment business it diversified into the development of shopping malls in the 1970s. [2] It adopted the shortened name of MEPC in 1973. In 1987 it acquired the Oldham Estate. [3] In 2000 the Company was acquired by Leconport Estates, a joint venture between the British Telecom Pension Fund and GE Capital.
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PARIS — Hermès International recorded a 44 percent jump in first quarter revenue at constant exchange rates, citing a strong boost from China and a brisk performance in the Americas region ...
The world’s largest mutual funds run hundreds of billions of dollars, even into the trillions. Mutual funds remain one of the most popular ways to invest, and they allow new investors to earn ...
The UK's largest water and wastewater services company, Thames Water is responsible for an extensive water management infrastructure which includes the Thames Water Ring Main around London, one of Europe's largest wastewater treatment works and the UK's first large-scale desalination plant—both at Beckton in east London—and the £4.2 ...
EFG, also known as the Egyptian Financial Group, became the first investment banking firm in Egypt when it was established by Dr Mohamed Taymour in 1984. Holding was founded in 1993 under the newly promulgated Capital Markets Law 95.