On March 18, 2022, Federated Hermes announced the abrupt retirement of healthcare-focused manager Vivian Wohl from its New York-based Kaufmann team. Wohl’s retirement is effective immediately. This comes just seven months after manager Jonathan Art’s sudden retirement. The recent churn bears watching, but the team is still on solid ground with seven impressive, experienced sector-focused managers remaining. As such, both Federated Hermes Kaufmann and Federated Hermes Kaufmann Large Cap retain their Above Average People Pillar ratings and Morningstar Analyst Rating of Neutral across all share classes.
Will KAUCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable KAUCX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the KAUCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of KAUCX’s parent organization’s priorities and whether they’re in line with investors’ interests.