Federated (FHI) to Buy Remaining Stake in Hermes Fund Managers - NewsBreak

FHI - Free Report) has agreed to acquire the remaining 29.5% interest in London-based Hermes Fund Managers Limited from BT Pension Scheme (BTPS). Federated Hermes had acquired a 60% majority interest in Hermes Fund Managers, a pioneer of integrated environmental, social and governance (ESG) investing, in 2018. The deal garnered a call option for Federated Hermes to buy the rest of Hermes Fund Managers and rendered BTPS a put option to sell its residual shareholding in it.