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Federated Hermes (FRA:3KC) Net Loan


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What is Federated Hermes Net Loan?

Net Loan only applies to banks and insurance companies.


Federated Hermes (FRA:3KC) Business Description

Traded in Other Exchanges
Address
1001 Liberty Avenue, Pittsburgh, PA, USA, 15222-3779
Federated provides asset management services for institutional and individual investors. The company had $715.2 billion in managed assets at the end of September 2023, composed of equity (11%), multi-asset (less than 1%), fixed-income (13%), alternative (3%), and money market (73%) funds. That said, the firm's cash-management operations are expected to generate around 46% of Federated's revenue this year, compared with 31%, 12%, and 11%, respectively, for the firm's equity, fixed-income, and alternatives/multi-asset operations. From a channel perspective, the company's products are distributed via trust banks, wealth managers and retail broker/dealers (63% of AUM), institutional investors (27%), and international clients (10%).