Trevor's questions to FEDERATED HERMES, INC. (FHI) leadership • Q4 2024
Question
Trevor, on for Dan Fannon, asked about the firm's spending priorities for 2025 and which areas within the alternative products business are considered subscale and targeted for investment.
Answer
CFO Tom Donahue outlined expected expense changes, including a quarterly step-up of approximately $3 million in systems and communication spending. CEO John Donahue identified infrastructure and U.S. real estate as subscale areas of interest for expansion, while also noting strong ongoing opportunities in direct lending, private equity, and trade finance.