The US asset manager Federated Investors has bought a 60% stake in Hermes Investment Management from the UK’s BT Pension Scheme in a £246m ($344m) deal.
![Hermes IM bought by Federated Investors](https://s34456.pcdn.co/wp-content/uploads/2018/04/Nusseibeh-Saker-0218-2-553x311.jpg.optimal.jpg)
The US asset manager Federated Investors has bought a 60% stake in Hermes Investment Management from the UK’s BT Pension Scheme in a £246m ($344m) deal.
Part of the Mark Allen Group.