Federated Hermes is beefing up its separately managed account lineup as advisors increasingly turn to these vehicles, earlier this summer notching a deal to add municipal bond strategies into the mix. “[The acquisition] gives [Federated Hermes] an opportunity to more significantly play in the fixed income space, particularly on the muni side, where [C.W. Henderson] is already established,” said Craig Kilgallen, a relationship manager at FUSE Research, which does not work with either company.
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Article published on September 6, 2022