Federated Hermes, Inc. (NYSE:FHI) Q1 2023 Earnings Conference Call April 28, 2023 9:00 AM ET Company Participants Ray Hanley - President, Federated Investors Management Company Chris Donahue - President and CEO Tom Donahue - VP, CFO and Treasurer Debbie Cunningham - CIO of Money Markets Saker Nusseibeh - CEO, Federated Hermes Limited Conference Call Participants Ken Worthington - JPMorgan Patrick Davitt - Autonomous Research Daniel Fannon - Jefferies Kenneth Lee - RBC Capital Markets John Dunn - Evercore IS ...

资产管理情况 - Federated Hermes在2022年12月31日为174只Federated Hermes基金提供投资顾问服务[9] - Federated Hermes管理的资产总额为6689.01亿美元，其中包括资产管理基金和单独账户[15] - Federated Hermes在2022年12月31日的固定收益资产总额为867亿美元，其中包括多部门、高收益、市政（或免税）、美国公司、美国政府、国际/全球和抵押贷款支持[21] - Federated Hermes在2022年12月31日的另类/私人市场和多资产投资分别为208亿美元和30亿美元[22] - Federated Hermes的投资产品和策略分布在三个市场，截至2022年12月31日，美国金融中介市场占比63%，美国机构市场占比28%，国际市场占比9%[25] - Federated Hermes在美国金融中介市场的管理资产包括货币市场资产、股票资产、固定收益资产、多资产和另类/私人市场资产[27] - Federated Hermes在美国机构市场的管理资产包括货币市场资产、固定收益资产、股票资产、另类/私人市场资产和多资产[28] - Federated Hermes在国际市场的管理资产包括股票资产、另类/私人市场资产、货币市场资产和固定收益资产[29] 监管环境和规定 - Federated Hermes在2022年的竞争对手包括超过7000只开放式共同基金和2800只ETF，竞争尤其激烈[32] - Federated Hermes在2022年的监管环境中面临着SEC等监管机构的审查和规定，包括对投资管理业务的广泛监管[35] - SEC在2022年提起了760起执法行动，包括对未按时向SEC提交必要文件的发行人的行动，罚款总额约64亿美元，创下历史新高[38] - Federated Hermes继续积极参与关于货币市场基金改革的辩论，坚持认为摆动定价将导致机构主要货币市场基金的消失，主张通过基金董事会行使自己的裁量权来管理货币市场基金[40] - SEC提出了对开放式管理投资公司的规则修正，包括在市场压力情况下强制实施摇摆定价[43] - SEC提出的修正将增强基金的流动性风险管理，帮助其更好地应对市场压力[44] - SEC提出了关于增强气候风险披露的规定，要求公开公司披露与气候相关的风险对业务、运营和财务状况的影响[46] - Federated Hermes继续支持现行的Names Rule对于80%投资政策要求和临时投资例外的做法[48] - FSOC成立了气候相关金融风险咨询委员会，以帮助评估气候相关的金融风险[49] - DOL发布了关于选择计划投资和行使股东权利的最终规则，旨在确保计划受益人的利益不受非与提供福利计划相关的目标影响[53] - Federated Hermes反对DOL关于QPAM豁免的提案，认为要求QPAM对交易负有“唯一”责任与SEC和OCC的指导相悖[55] - SEC提出修改《投资顾问法》下的托管规则，包括将投资顾问的自主权和数字资产纳入“托管”范围[56] - SEC通过缩短大多数证券交易的标准结算周期，以及改善机构交易处理和直通处理[58] - SEC提出禁止在某些证券化交易中存在利益冲突的规则，以保护ABS投资者[59] - FTC提出禁止雇主使用竞争禁止协议限制员工流动的规则[60] - SEC修改了《1934年法案》下的规则10b5-1，增加了对内幕交易的披露要求[61] - SEC提出了关于经纪商最佳执行的规则，要求经纪商建立、维护和执行合理设计的政策和程序[62] - SEC提出规定，要求个人投资者的某些订单在进行内部执行之前必须在公平和开放的拍卖中暴露[64] - SEC要求共同基金和ETF提供年度和半年度股东报告，强调为投资者提供关键信息[69] - SEC提出规定，禁止SEC注册的投资顾问在不符合一定最低要求的情况下外包某些服务或功能[70] - 美国金融监管机构继续对投资管理行业参与者进行调查、执法行动和/或检查[74] - FINRA对加密相关通信进行了有针对性的扫描检查[75] - 美国金融交易税（FTT）等提议的税收变化尚未实施，但已通过了一项关于企业股票回购的最低税收[79] 欧盟和英国监管 - 英国金融监管机构继续调整“脱欧”后的欧盟立法和监管要求[84] - Federated Hermes获得FCA许可，允许某些爱尔兰基金在英国继续营销[89] - 英国和欧盟的货币市场基金监管被认为是“等同”的，直到2025年底[91] - 英国和欧盟的货币市场基金目前仍然符合当前的欧盟监管要求[91] - 英国和欧盟可能会在未来对新的或修改后的货币市场基金法律、规则或法规采取不同的立场[91] - Federated Hermes打算继续与英国和欧盟监管机构合作，塑造进一步的货币市场基金改革[92] - 英国和欧盟在金融服务监管领域已经开始出现分歧[93] - 英国和欧盟监管机构发布了关于可持续金融的指令、规则和法律[95] - 英国决定与TCFD对齐，而不是采纳SFDR[97] - 英国金融监管机构提出了关于基金名称中使用ESG和可持续性相关术语的指导方针[97] - 英国、欧盟、美国和其他司法管辖区的法律可能存在分歧，包括气候披露、ESG和基金命名要求

Federated Hermes, Inc. (NYSE:FHI) Q4 2022 Earnings Conference Call January 27, 2023 9:00 AM ET Company Participants Ray Hanley - President, Federated Investors Management Company Chris Donahue - President and Chief Executive Officer Tom Donahue - Vice President, Chief Financial Officer & Treasurer Debbie Cunningham - Chief Investment Officer of Money Markets Saker Nusseibeh - Chief Executive Officer, Federated Hermes Limited Conference Call Participants Patrick Davitt - Autonomous Research Mike Brown - KBW ...

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Federated Hermes, Inc. (NYSE:FHI) Q2 2022 Earnings Conference Call July 29, 2022 9:00 AM ET Company Participants Ray Hanley - President, Federated Investors Management Company Chris Donahue - President and Chief Executive Officer Tom Donahue - Chief Financial Officer Saker Nusseibeh - Chief Executive Officer, Federated Hermes Limited Debbie Cunningham - Chief Investment Officer Conference Call Participants Patrick Davitt - Autonomous Research Dan Fannon - Jefferies Kenneth Lee - RBC Capital Markets Ken Wort ...

Federated Hermes, Inc. (NYSE:FHI) Q1 2022 Earnings Conference Call April 29, 2022 9:00 AM ET Company Participants Chris Donahue - President & CEO Tom Donahue - CFO Saker Nusseibeh - CEO, International Business Debbie Cunningham - CIO Ray Hanley - President Conference Call Participants Patrick Davitt - Autonomous Research Bill Katz - Citigroup Robert Lee - KBW Ken Worthington - JPMorgan Operator Good day, ladies and gentlemen, and welcome to the Federated Hermes Q1 2022 Analyst Call and Webcast. At this time ...

erated 言 Federated Hermes, Inc. Analyst Update Data as of March 31, 2022 1 22-10050 Forward-looking information | --- | --- | |-----------------------------------------------------------------------------------------------------|-------| | | | | This presentation is provided as of the date on the cover. Certain statements in this presentation, | | Analyst Update, March 31, 2022 2 Analyst Update, March 31, 2022 Federated Hermes Investment considerations Federated Hermes offers world-class active management a ...

erated 言 Federated Hermes, Inc. Analyst Update Data as of December 31, 2021 1 22-10012 Forward-looking information | --- | --- | |-----------------------------------------------------------------------------------------------------|-------| | | | | This presentation is provided as of the date on the cover. Certain statements in this presentation, | | Analyst Update, December 31, 2021 2 Analyst Update, December 31, 2021 Federated Hermes Investment considerations Federated Hermes offers world-class active man ...

Federated Hermes Inc. (NYSE:FHI) Q4 2021 Results Conference Call January 28, 2022 9:00 AM ET Company Participants Raymond Hanley - President Chris Donahue - President & CEO Tom Donahue - CFO Saker Nusseibeh - CEO, International Business Debbie Cunningham - CIO Conference Call Participants Dan Fannon - Jefferies Patrick Davitt - Autonomous Research Ken Worthington - JP Morgan Kenneth Lee - RBC Capital Markets John Dunn - Evercore ISI Robert Lee - KBW Brian Bedell - Deutsche Bank Operator Good day, ladies and ...

Federated Hermes, Inc. (NYSE:FHI) Q3 2021 Earnings Conference Call October 29, 2021 9:00 AM ET Company Participants Ray Hanley - President of Federated Investors Management Company Chris Donahue - Chief Executive Officer & President Tom Donahue - Chief Financial Officer Debbie Cunningham - Chief Investment Officer for Money Markets Saker Nusseibeh - Chief Executive Officer of International Business Conference Call Participants Dan Fannon - Jefferies Ken Worthington - JPMorgan William Katz - Citigroup Kennet ...