About Us
Federated Hermes (NYSE: FHI) is one of the largest and longest-tenured investment managers in the United States, with over $829 billion in assets under management as of 2023. Founded in Pittsburgh in 1955, the firm has grown into a global asset manager with offices in Pittsburgh, New York, London, Dublin, and locations worldwide, serving a client base that spans corporations, government entities, insurance companies, endowments, foundations, banks, and broker/dealers.
Federated Hermes is particularly known for two areas of leadership: money market funds (where it has long been one of the dominant managers in the U.S.) and responsible investing, where it operates one of the largest engagement and stewardship programs in the world, representing over $2.1 trillion in assets under advisement.
Federated Hermes Investment Capabilities
Liquidity Management — One of the most established money market fund franchises in the U.S., managing government, prime, and municipal money market strategies for institutions and wealth channels.
Fixed Income — Investment grade, high yield, and multi-sector fixed income strategies, including leveraged loan and CLO-related products. The Pittsburgh-based trading desk handles a substantial portion of the firm's nearly $100 billion fixed income portfolio.
Equity — Domestic and international equity strategies including MDT (Multi-Discipline Team) quantitative equity, large cap value, growth, and international developed and emerging market strategies.
Private Markets — Expanding platform covering private equity, real estate, and infrastructure.
Working at Federated Hermes
Federated Hermes offers exceptional stability — a publicly traded firm with seven decades of continuous operation and a disciplined approach to growth. The Pittsburgh headquarters provides a lower cost of living than New York, and the firm is consistently cited for work-life balance that's more sustainable than the major money center banks.
The culture is collaborative and collegial, with strong emphasis on institutional knowledge and long-term employee relationships. Benefits include a formal bonus program, competitive compensation, and the professional satisfaction of working at a firm whose investment decisions genuinely move markets in fixed income and money markets.