Federated Hermes unveils short-term euro prime fund

The Federated Hermes Short-Term Euro Prime fund is the firm's first euro-denominated money markets solution and the first European-domiciled liquidity product it has launched. Co-managed by Gary Skedge and Joanne Bartell, the fund will be overseen by Deborah Cunningham, CIO of global liquidity markets; and Paige Wilhelm, senior portfolio manager and head of the prime liquidity group. In a statement, Federated Hermes pointed to increased interest rates from the European Central Bank as having "reignited investor demand for the asset class in recent months". First euro-denominated ...