“Back in the day, I was a salesman for Federated Hermes selling bank trust departments on using money funds.”
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Said on How I Invest with David Weisburd
How I Invest with David Weisburd · E449: Federated Hermes CEO on $400 Billion in Cash, the Private Markets Boom, and AI
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targeted institutional bank-trust departments rather than retail customers when passbook rates fell below market rates
“Back in the day, I was a salesman for Federated Hermes selling bank trust departments on using money funds.”
“We have seen targeted kind of intervention by the President of the Bank of India, because you can't let the markets decide what the exchange rate will be… it's not going to be the market itself leads to enlarged volatility.”
“It's a flat rate for all the cart. Right. So if you're hiring one time, it's a flat rate right now, it's 3,500 flat rate. And then, uh, whenever, uh, January, when we launch officially, it's going to be 6,500.”
“International markets were almost 70% of first-half revenue at Cherry. That was up from 46% only a year ago. Cherry says those markets deliver higher profit margins when you sell overseas, rather than at home in China.”
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