Vice President, Treasurer, Chief Financial Officer & Director, Federated Hermes
Search every verified Thomas Donahue interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Thomas Donahue, Vice President, Treasurer, Chief Financial Officer & Director at Federated Hermes, has spoken publicly about the mutual fund industry and market conditions. In a 2013 Senate hearing, Donahue defended sponsor support for money market funds, comparing it to supporting a family and arguing that such support demonstrates the "inherent resiliency of the funds." He stated that fund sponsors are "making independent voluntary marketplace analysis and judgments" and noted that firms are "100% on waiving investment advisory fees" to keep funds viable during low interest rates. Donahue also described the $2.6 trillion in money funds as "an accomplishment" despite what he called "lots of regulatory abuse." In a 2012 interview, Donahue expressed optimism about the stock market, predicting an S&P 500 level of 1,450 that year. He discussed new fund offerings, including a floating rate strategic income fund and an unconstrained bond fund, and described the challenges of running an asset management business amid volatility and regulatory uncertainty. Regarding Dodd-Frank, Donahue said the law was "not exactly fully impacting" at the time and that it was "very challenging to figure out how it will be listed." Separately, in 2011, Donahue delivered opening remarks at a conference on Cuban economic policies, criticizing the Cuban government's labor policies and quoting President Obama's statement that "Cuban authorities must take meaningful actions to respect the basic rights of the Cuban people."
“The idea that you support funds and you look at any other kind of product, people are supporting their products. What are they trying to do? They're making independent voluntary marketplace analysis and judgments about what to do with a product.”
“What matters is that you have good solid people deciding whether or not and what to do to help shareholders, and I think that what the support shows is the inherent resiliency of the funds.”
“When you have $2.6 trillion dollars in these funds with no interest and lots of regulatory abuse, that's really an accomplishment, and it's because the people want the cash management system.”
“Every single one is doing 100% on waiving investment advisory fees in order to keep the funds going during these low interest times.”
“I look at support as something that is not unlike having a family: you birth the fund, well what are you going to do about keeping it going?”
“Our view is that we're going to see an S&P in the 1450 range this year, and we remain optimistic about the market to that extent.”
“DoddFrank right now is not exactly fully impacting. There's some analysis going on by the Fed and others on whether or not who should be designated into the DoddFrank ambit, and so that's causing some issues but there haven't been regulations published yet so it's very challenging to figure out how it will be listed.”
“The primary difference running an asset management business today is the volatility and the necessity to be doing your homework and working on what's going on in the marketplace. It is a lot tougher to make it work.”
“The floating rate strategic income fund basically has about a 3% coupon on it now and people can get into it and then when as and if rates go up they won't get killed on the downside.”
“The unconstrained bond fund is designed to take care of all of the opportunities and all the balancing available in the world. It's for the kind of investor that wants to turn over the bond management to somebody who knows what's going on in all corners of the world, all types of securities, a go anywhere product.”
“A global equity fund is designed to take advantage of opportunities in growing countries like India and Brazil, reflecting the 6 billion people living in other countries that are growing right now.”
March 24 (Bloomberg) -- Christopher Donahue, chief executive officer of Federated Investors Inc., talks about the outlook for U.S. ...
Conference on the Impact of the Cuban Economic Policies on the Cuban Workforce.
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