Council sues after £39m ‘gamble' on wind farms backfires [Yahoo! Finance]
Federated Hermes, Inc. (FHI)
Last federated hermes, inc. earnings: 4/30 04:17 pm
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Source: Yahoo! Finance
Aberdeen City Council has filed a London High Court claim against Federated Hermes, a fund manager once tied to the BT pension scheme, over allegations the group engaged in an “existential gamble” by investing its pension money in the green energy project. Federated Hermes invested millions into a portfolio of five onshore wind farms in Sweden on behalf of the pension scheme , however, Aberdeen claims the deal soured and led to “substantial losses”. It claims that Federated Hermes said the investment would be a conservative and safe one but that in reality, it was structured in a “highly risky manner”. Aberdeen is suing for damages, which include the total losses of nearly £34m, nearly £1m it paid in management fees and expenses attributable to the investment in wind farms and the loss of the return if the money had been invested elsewhere instead. Federated Hermes was formed in 2020 after US-based Federated, based ins Pittsburgh, agreed to buy London money manager Hermes Fun
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FHI
News
- Month-end portfolio data now available for Federated Hermes Premier Municipal Income FundPR Newswire
- Federated Hermes (NYSE:FHI) had its price target raised by analysts at TD Cowen from $53.00 to $54.00. They now have a "hold" rating on the stock.MarketBeat
- Federated Hermes (NYSE:FHI) had its "hold" rating reaffirmed by analysts at Cowen Inc.MarketBeat
- Federated Hermes Premier Municipal Income Fund declares dividendPR Newswire
- Federated Hermes announces two fixed-income promotions, naming next fixed-income chief investment officer and head of Municipal Bond Group [Yahoo! Finance]Yahoo! Finance
FHI
Earnings
- 10/30/25 - Beat
FHI
Analyst Actions
- 11/3/25 - JP Morgan
FHI
Sec Filings
- 12/12/25 - Form 144
- 12/12/25 - Form 4
- 12/2/25 - Form 8-K
- FHI's page on the SEC website