Federated Hermes, Inc. (FHI) Q3 2024 Earnings Call Transcript Summary
Federated Hermes, Inc. (FHI) Q3 2024 Earnings Call Transcript Summary
Q3 carried interest and performance fees were $3.5 million, up from $2.8 million in Q2.The following is a summary of the Federated Hermes, Inc. (FHI) Q3 2024 Earnings Call Transcript:
以下是Federated Hermes，Inc.（FHI）2024年第三季度業績會議呼叫交易摘要：
Financial Performance:
金融業績：
Total revenue for Q3 increased by $5.9 million or 1% from the previous quarter, due mainly to higher revenue from money market assets.
Q3 operating expenses decreased by $65.2 million from the prior quarter, largely due to a non-cash intangible asset impairment charge in Q2.
Q3 carried interest and performance fees were $3.5 million, up from $2.8 million in Q2.
Expected Q4 sub-advised account redemption will impact annualized revenue by approximately $6 million.
第三季度總營業收入按照每季度增加了590萬美元，增長了1%，主要是由於貨幣市場資產的收入增加。
第三季度營業費用從上一季度減少了6520萬美元，主要是由於Q2出現的無形資產減值損失費用。
第三季度的攜帶利潤和績效費爲350萬美元，比第二季度的280萬美元有所增加。
預計第四季度下級附帶帳戶的贖回將使年化收入受到約600萬美元的影響。
Business Progress:
業務進展：
Record assets under management of $800 billion in Q3, with significant contributions from money market assets and fixed income.
Launch of four new active ETFs and expansion of MDT product set.
Strategic Value dividend strategies saw reduced net redemptions compared to Q2.
Positive fixed income net sales and expansion in alternative private markets.
Planned launches for a European real estate debt fund and a global private-equity co-invest Fund.
2024年第三季度管理資產達到8000億美元的歷史新高，其中貨幣市場資產和固定收入起到了重要作用。
推出了四隻新的active etf，並擴大了MDt產品組合。
相較於第二季度，戰略價值股息策略的淨贖回額有所減少。
固定收入淨銷售正面增長，並在另類私人市場擴張。
計劃推出歐洲房地產債務基金和全球私募股權共投基金。
Opportunities:
機會：
Positive net sales in 15 equity strategies and 21 fixed income funds, indicating strong product demand.
Strong market conditions are expected to continue benefiting money market strategies, with competitive yields attracting more assets.
15個股票策略和21個固定收入基金的淨銷售積極，表明產品需求強勁。
預計強勁的市場條件將繼續受益於貨幣型基金策略，競爭性收益吸引更多資產。
Risks:
風險：
Initial reductions in the Fed funds target rate could create uncertainty in money market fund asset levels.
Potential for disruptive market conditions due to regulatory changes in money market fund reforms.
聯邦基金目標利率的初期降低可能會導致貨幣型基金資產水平的不確定性。
由於貨幣型基金改革中的監管變化，可能會出現市場條件紊亂的潛在風險。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。
