Fair Value Measurements (Tables)

9 Months Ended

Sep. 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
September 30, 2020
Financial Assets
Cash and Cash Equivalents	$	322,847	$	0	$	0	$	322,847
Investments—Consolidated Investment Companies	13,098		58,005		0		71,103
Investments—Affiliates and Other	37,357		5,497		355		43,209
Other1	8,796		1,157		0		9,953
Total Financial Assets	$	382,098	$	64,659	$	355	$	447,112
Total Financial Liabilities2	$	37	$	6	$	11,646	$	11,689
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, security deposits and a derivative asset as of September 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 business combinations/asset acquisitions:

(in thousands)
Balance at December 31, 2019	$	2,081
New Acquisitions1	8,201
Changes in Fair Value	3,198
Contingent Consideration Payments	(1,834)
Balance at September 30, 2020	$	11,646

1    Represents the preliminary fair value of the contingent payment liability recorded in connection with new acquisitions accounted for as business combinations.