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Latest News - Jacqueline Davalos

US firm Federated buys stake in UK asset manager for $351m

Federated Investors purchased a 60% stake in Hermes Investment Management for $351 million

Fed raises rates on Powell's debut, ups GDP forecast

Fed officials said they would raise the federal funds target rate by a quarter percentage point to a range between 1.5% to 1.75%.

T. Rowe names new investment chief

Former portfolio manager shifts from equity head to new senior role.