Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Classes of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents fair value measurements for Federated Hermes' financial assets and liabilities measured at fair value on a recurring basis:

(in thousands)	Level 1		Level 2		Level 3		Total
June 30, 2020
Financial Assets
Cash and Cash Equivalents	$	277,840	$	0	$	0	$	277,840
Investments—Consolidated Investment Companies	9,197		45,810		0		55,007
Investments—Affiliates and Other	34,062		5,364		330		39,756
Other1	8,537		54		0		8,591
Total Financial Assets	$	329,636	$	51,228	$	330	$	381,194
Total Financial Liabilities2	$	45	$	1,261	$	9,785	$	11,091
December 31, 2019
Financial Assets
Cash and Cash Equivalents	$	249,174	$	0	$	0	$	249,174
Investments—Consolidated Investment Companies	7,245		57,281		0		64,526
Investments—Affiliates and Other	23,667		2,945		323		26,935
Other1	2,901		3,177		0		6,078
Total Financial Assets	$	282,987	$	63,403	$	323	$	346,713
Total Financial Liabilities2	$	6	$	0	$	2,081	$	2,087

1 Amounts primarily consist of restricted cash and security deposits as of June 30, 2020 and a derivative asset and security deposits as of December 31, 2019.

2

Amounts primarily consist of acquisition-related future contingent consideration liabilities.

Reconciliation of Liability for Future Consideration Payments

The following table presents a reconciliation of the beginning and ending balances for Federated Hermes' liability for future consideration payments related to these acquisitions:

(in thousands)
Balance at December 31, 2019	$	2,081
New Acquisition1	8,201
Changes in Fair Value	1,337
Contingent Consideration Payments	(1,834		)
Balance at June 30, 2020	$	9,785

1 Amounts include the preliminary fair value of the contingent payment liability recorded in connection with new acquisitions.