(Reuters) U.S. fund manager Federated Investors (FII.N) has entered exclusive talks with Hermes Investment Management about buying a controlling stake in Hermes, sources familiar with the matter said on Thursday. Hermes, which manages 33 billion pounds ($45.35 billion) in assets, was founded 35 years ago as the in-house manager for the BT Pension Scheme, which is still the firm’s biggest client.
Federated Investors in Talks to Take Stake in Fund Manager Hermes
This entry was posted in Syndicated. Bookmark the permalink.
