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Investments | 9 Months Ended
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Sep. 30, 2020
Investments, Debt and Equity Securities [Abstract] |
Investments | Investments At September 30, 2020 and December 31, 2019, Federated Hermes held investments in non-consolidated fluctuating-value Federated Hermes Funds of $33.8 million and $20.1 million, respectively, primarily in mutual funds which invest in equity securities. Federated Hermes held investments in Separate Accounts of $9.4 million and $6.8 million at September 30, 2020 and December 31, 2019, respectively, that were included in Investments—Affiliates and Other on the Consolidated Balance Sheets. Federated Hermes' investments held in Separate Accounts as of September 30, 2020 and December 31, 2019, were primarily composed of domestic debt securities ($5.5 million and $2.6 million, respectively) and stocks of large U.S. and international companies ($3.0 million at each period end). Federated Hermes consolidates certain Federated Hermes Funds into its Consolidated Financial Statements as a result of Federated Hermes' controlling financial interest in these Federated Hermes Funds (see Note (7)). All investments held by these consolidated Federated Hermes Funds were included in Investments—Consolidated Investment Companies on Federated Hermes' Consolidated Balance Sheets. The investments held by consolidated Federated Hermes Funds as of September 30, 2020 and December 31, 2019 were primarily composed of domestic and foreign debt securities ($38.0 million and $38.9 million, respectively) and stocks of large international and U.S. companies ($26.8 million and $22.6 million, respectively). The following table presents gains and losses recognized in Gain (Loss) on Securities, net on the Consolidated Statements of Income in connection with Federated Hermes' investments:
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
(in thousands) |  | 2020 |  | 2019 |  | 2020 |  | 2019
Investments—Consolidated Investment Companies |  |  |  |  |  |  |  |
Unrealized Gains (Losses) |  | $ | 4,451 |  |  | $ | (364) |  |  | $ | 3,987 |  |  | $ | 1,345 |
Net Realized Gains (Losses)1 |  | (47) |  |  | (119) |  |  | (1,151) |  |  | (786) |
Net Gains (Losses) on Investments—Consolidated Investment Companies |  | 4,404 |  |  | (483) |  |  | 2,836 |  |  | 559 |
Investments—Affiliates and Other |  |  |  |  |  |  |  |
Unrealized Gains (Losses) |  | 1,816 |  |  | 2,298 |  |  | 1,410 |  |  | 3,515 |
Net Realized Gains (Losses)1 |  | (368) |  |  | (2,401) |  |  | (406) |  |  | (2,404) |
Net Gains (Losses) on Investments—Affiliates and Other |  | 1,448 |  |  | (103) |  |  | 1,004 |  |  | 1,111 |
Gain (Loss) on Securities, net |  | $ | 5,852 |  |  | $ | (586) |  |  | $ | 3,840 |  |  | $ | 1,670 |
1 Realized gains and losses are computed on a specific-identification basis.

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- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2176304 + Details
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