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Federated's (FHI) third-quarter 2020 earnings highlight revenue growth, rise in AUM and controlled expenses.
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Federated Hermes (FHI) delivered earnings and revenue surprises of 16.44% and 2.39%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
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.
At 31 March 2018, Hermes Investments third-party clients included institutional and wholesale investors in the UK, Europe, United States, north Asia and Australia. At 31 March 2018, third-party clients accounted for 64% of the company's revenues. On 2 July 2018, Federated Investors acquired majority ownership of Hermes Fund Managers.
Federated's (FHI) second-quarter 2020 earnings highlight revenue growth, rise in AUM and higher expenses.
Instead, the partner is taxed as the partnership earns income. In the case of a hedge fund, this means that the partner defers taxation on the income that the hedge fund earns, which is typically ordinary income (or possibly short-term capital gains), due to the nature of the investments most hedge funds make.
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