Our History

January 2024

Celebrating 50 years since launching the first mutual fund to use the term "money markets" in its name.

Assets Under Management $757.6 B
June 2023

Launched the Federated Hermes Short-Term Euro Prime Fund and the Federated Hermes Sustainable Global Investment Grade Credit Fund for distribution in Europe.

Assets Under Management $668.9 B
October 2022

Acquired C.W. Henderson & Associates, Inc., a $3.5 billion specialist in municipal-bond SMA products.

Assets Under Management $668.9 B
April 2021

Acquired $568 million in nine Hancock Horizon mutual funds.

July 2020

Hired key executive to develop new global actively managed ETF business and expanded distribution in Latin America.

Assets Under Management $619.0 B
February 2020

Federated Investors, Inc. and Hermes Investment Management combined their names and rebranded as Federated Hermes, Inc. The company also celebrated its new ticker symbol (FHI) by ringing the Opening Bell at New York Stock Exchange.

November 2019

Acquired assets of PNC Capital Advisors, LLC.

Assets Under Management $575.8 B
July 2018

Completed acquisition of a majority interest in Hermes Investment Management, with $47.2 billion in assets under management.  Hermes is a London-based pioneer of investment strategies that consider environmental, social and governance criteria.

Assets Under Management $460.0 B
November 2017

Became a signatory to the United Nations-supported Principles for Responsible Investment.

Assets Under Management $397.6 B
November 2016

Announced agreement to acquire approximately $431 million of certain investment management related assets of Horizon Advisers and reorganized the portfolios of three Hancock Horizon funds into comparable mutual funds managed by our advisory subsidiaries.

Assets Under Management $365.9 B
May 2015

Began managing West Virginia's $1.2 billion state money market pool.

Assets Under Management $361.0 B
Assets Under Management $362.9 B
December 2013

Equity and fixed-income assets reached a then-record $100 billion at year end.

Assets Under Management $376.0 B
December 2012

Expanded global footprint through the acquisition of London-based Prime Rate Capital Management, now Federated Investors (UK) LLP.

July 2012

Selected by the Commonwealth of Massachusetts to manage the $9.5 billion Massachusetts Municipal Depository Trust (MMDT).

Assets Under Management $379.8 B
January 2010

Federated acquired more than $15 billion in money market assets through transactions with SunTrust Banks, Inc. and Hilliard-Lyons.

Assets Under Management $358.0 B
January 2008

Acquired assets of Prudent Bear Fund and assets related to Clover Capital Management.

Assets Under Management $407.0 B
January 2007

Surpassed $300 billion in total managed assets and increased money market assets to a record $237 billion.

Assets Under Management $301.6 B
January 2006

Acquired $6.7 billion MDT Advisers, a leading quantitative equity manager, which offers a unique, relentlessly disciplined process.

Assets Under Management $237.0 B
January 2005

Completed acquisition of $19.3 billion in cash management assets from Alliance Capital Management LP.

April 2005

Federated celebrated its 50th anniversary in the investment business.

Assets Under Management $213.0 B
April 2003

Federated's stock was added to the S&P 500 Index, the Standard & Poor's benchmark index of leading companies in major industries. In 2012, the stock was moved to the S&P MidCap 400.

Assets Under Management $197.9 B
April 2001

Federated began management of the well-known $3.2 billion Kaufmann Fund through an acquisition of its adviser, Edgemont Asset Management.

Assets Under Management $179.7 B
November 1998

Launched venture with German insurer LVM-Versicherungen. LVM continues to offer Federated funds in Germany and other German-speaking countries.

May 1998

Federated Investors, Inc. emerged as a publicly traded company on the New York Stock Exchange. Federated trades under the stock ticker FII. The opening price was $19 per share. A 3 for 2 stock split followed in June 2000.

Assets Under Management $111.6 B
April 1995

Expanded international and global investment research through a New York City office.

Assets Under Management $83.8 B
January 1993

Formed an institutional sales force to distribute investment management products and services designed for corporations, government entities, insurance companies and other institutions.

Assets Under Management $76.7 B
March 1991

Federated established Federated International Management Limited, a wholly owned subsidiary in Dublin, Ireland, becoming the first U.S. company whose registered money market funds were approved for distribution to the European community.

Assets Under Management $54.8 B
August 1989

Jack Donahue and Jim Lynn, then Aetna's CEO, sign the papers that returned Federated Investors to self-ownership. Federated bought itself back from Aetna.

Assets Under Management $40.4 B
June 1986

Over the years, Federated has grown but remains headquartered in the Pittsburgh office space the company moved into in 1986. 

March 1986

With an ad based on Pennsylvania's license plate, the firm raised $3 billion in assets in Government Income Securities, Inc. - the largest underwriting of a mutual fund at that time.

Assets Under Management $44.0 B
July 1982

Federated sold to Aetna Life & Casualty Co.  Founder Jack Donahue memorialized the date of Federated and Aetna's all-night negotiation on this box of toothpaste, which he used before announcing the merger to the press.

Assets Under Management $29.0 B
June 1980

Established a partnership with the American Association of Retired Persons (AARP) which at the time had 12 million members, and National Retired Teachers Association (NRTA) by launching the U.S. Government Money Market Trust.

January 1980

EDGE (Electronic Data Gathering Extension), the industry's first online order-entry system for purchasing and redeeming fund shares, was launched for 300 client banks.

Assets Under Management $8.6 B
January 1976

Created the industry's first institutional-only money market fund and one of the first municipal bond funds. Today Federated is an industry leader when it comes to money fund management.

Assets Under Management $824.0 M
October 1974

Glen Johnson's media savvy in more than 250 interviews across the country had phones ringing at Federated. The promotion for Money Market Management, one of the first money market mutual funds, generated 90,000 sales leads during a 16-week media blitz.

Assets Under Management $575.0 M
June 1969

Fund for Investing in U.S. Government Securities, the first fund to invest exclusively in U.S. Government securities, garnered $60 million in assets in its first two years. Federated's eagle graced the cover of the fund's annual report to shareholders.

Assets Under Management $265.0 M
January 1964

The company shifted to selling funds exclusively through brokers and institutions. Co-founder Richard B. Fisher focused his efforts on growing sales for Federated throughout his career.

Assets Under Management $98.0 M
January 1962

Founder Jack Donahue displays an advertisement for Federated's Empire Fund. Federated negotiated with the U.S. Treasury Department to keep exchange funds tax-free. By allowing investors to "exchange" their shares of common stocks for shares of the fund without incurring capital gains, the Empire Fund, one of Federated's first exchange funds, attracted $300 million in assets.

Assets Under Management $78.0 M
August 1959

John F. Donahue appeared on the cover of Mutual Fund Review the same year the company went public. First public stock offering at $4.75 per share.

Assets Under Management $13.0 M
January 1956

The purchase of the Income Foundation Fund (now Federated Hermes Global Allocation Fund) signaled Federated's entry into the ranks of investment company managers. The fund's SEC registration number was 001, the first fund registered under the Investment Company Act of 1940.

Assets Under Management $92.0 M
October 1955

John F. Donahue and Richard B. Fisher, two former high school classmates, founded Federated with the assistance of outside legal counsel Thomas J. Donnelly. Federated's first office was in the Jenkins Arcade in downtown Pittsburgh.

Assets Under Management $78.0 M