Federated Investors’ Hermes tie-up has ESG, cash focus

Federated Investors’ acquisition of a 60% stake in Hermes Investments for £246 million ($350 million)  is designed to target environmental, social and governance (ESG) in the US and help expand ESG and cash management products into Asia, especially China, say senior executives at both companies. Speaking to AsianInvestor on April 13, the day the acquisition was announced, Saker Nusseibeh, chief executive of UK asset manager Hermes, stressed that the purchase would not cause any re…