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Federated Hermes Kaufmann R KAUFX

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Federated Hermes Kaufmann Team Loses a Manager, Ratings Unchanged

Associate Director

Analyst Note

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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.

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