Federated Hermes Manages Florida PRIME Investments

The State Board of Administration continues to utilize Federated Hermes as investment advisor for Florida PRIME, providing professional management of surplus funds for Florida governmental entities. Federated Hermes supports portfolio management, reporting, and compliance for the Local Government Surplus Funds Trust Fund.

Document date · December 17, 2025

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Document type

Agenda

Source document

State Board of Administration Agenda 2025-12-17

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by FL-State-State Board of Administration?

Federated Hermes was awarded this financial services contract by FL-State-State Board of Administration, as recorded on December 17, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in State Board of Administration Agenda 2025-12-17 (Agenda), dated December 17, 2025 from FL-State-State Board of Administration. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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