Federated Hermes’ Equity Strat – GuruFocus.com
Charles River® Development, a State Street company, today announced that Federated Hermes, Inc., a global leader in responsible active investing, now has more than $ 97 billion in equity strategies on the solution. Charles River’s strategic cloud. Federated Hermes adopted the Charles River Investment Management (IMS) solution on Microsoft Azure to modernize its operating model and support growth, using the solution for portfolio management, trading and compliance.
Charles River IMS on Azure provides a future-ready SaaS platform that provides a foundation for transformation and growth. Federated Hermes now benefits from the solution’s open architecture, with access to the latest features, integrated data management and streamlined operations.
“The modernization of our operating model and the migration to the Charles River solution aligns with our strategy to broadly adopt cloud-based technology solutions,” said Jack T. Smith, CIO at Federated Hermes, Inc. “The solution offers scalability, allowing us to stay at the forefront of the industry and quickly bring new products to market.
“Migration from the ground to the cloud is a trend we’re seeing with leading global investment firms such as Federated Hermes,” said Ruby Chiu, head of client management, Americas, Charles River. “We are focused on partnering with our customers to help them achieve their goals by leveraging the latest innovative and secure capabilities offered by our platform. By providing a scalable solution that is interoperable with their preferred analytics, liquidity and data providers, our clients are able to focus on their business priorities.
About Federated Hermes, Inc.
Federated Hermes, Inc. is a leading global investment manager with $ 634.1 billion in assets under management as of September 30, 2021. Guided by our belief that responsible investing is the best way to create long-term wealth, our investment solutions cover equities, bonds, alternative / private markets, multi-asset management and liquidity strategies. Providing world-class active investment and engagement management services to over 11,000 institutions and intermediaries, our clients include corporations, government entities, insurance companies, foundations and endowments, banks and brokers / traders. Based in Pittsburgh, Federated Hermes has nearly 2,000 employees in London, New York, Boston and offices around the world. For more information, visit FederatedHermes.com.
About Charles River®, a State Street company
Investment firms, asset owners, wealth managers, hedge funds and insurers in more than 30 countries rely on Charles River’s front and middle office investment management platform to manage more than $ 35 trillion in assets. With the middle and back office capabilities of State Street, the software technology deployed in the Charles River cloud forms the basis of State Street Alpha.SM. The Charles River Investment Management solution (Charles River IMS) is designed to automate and simplify the institutional investment process across all asset classes, from portfolio management and risk analysis to trading and post-settlement. trading, with built-in compliance and managed data throughout. Charles River’s growing partner ecosystem provides clients with seamless access to external data and analysis, applications and liquidity sites that meet the requirements of their mix of products and asset classes. Based in Burlington, Mass., We serve customers around the world with more than 1,000 employees in 11 regional offices. To find out more visit www.crd.com.
(Statistics in Q3 2021)
About State Street Corporation
State Street Corporation (NYSE: STT) is a leading global provider of financial services to institutional investors, including investment services, investment management, and investment research and trading. With $ 43.3 trillion in assets under custody and / or administration and $ 3.9 trillion * in assets under management as of September 30, 2021, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 people around the world. For more information, visit the State Street website at www.statestreet.com.
* Assets under management as of September 30, 2021 include approximately $ 60 billion in assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts only as marketing agent. SSGA FD and State Street Global Advisors are affiliated.
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