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Wednesday, July 27, 2011

Federated Pays Tribute

Reported by Armie Margaret Lee

Federated Investors [see profile] has finished its acquisition of $100.6 million of assets from Tributary Capital Management's [see profile] Tributary International Equity Fund. The transition of assets into the Federated International Leaders Fund became complete last Friday.

Tributary Capital, based out of Omaha, Nebraska, continues to manage six mutual funds in its Tributary Funds lineup.

The MFWire.com reported on the Federated-Tributary deal in May.

"We will continue to explore future opportunities for similar agreements with insurers, banks and broker dealers," said Federated CEO Chris Donahue in a press release on Tuesday.

Federated also recently completed its deal with EquiTrust Investment Management, under which EquiTrust Mutual Funds' $509 million of assets transitioned to Federated funds.

One of the most prolific dealmakers in the asset management industry, Pittsburgh-headquartered Federated has acquired north of $40 billion of assets over the past five years.
Company Press Release

Federated Investors' Mutual Fund Acquires Approximately $100 Million in Assets from Tributary Funds

Assets transitioned into Federated International Leaders Fund

(PITTSBURGH, Pa., July 26, 2011) Federated Investors, Inc. (NYSE: FII), one of the nation's largest investment managers, has reorganized $100.6 million in assets from the Tributary International Equity Fund into the Federated International Leaders Fund, a product with similar investment objectives. The transaction was completed at the close of business Friday, July 22, 2011.

Federated International Leaders Fund pursues long-term capital growth by investing primarily in developed-market stocks of high-quality, foreign companies that appear to be undervalued.

"We are pleased to have completed this transition with Tributary, and we welcome our newest fund shareholders into the Federated International Leaders Fund," said J. Christopher Donahue, president and chief executive officer of Federated Investors. "We will continue to explore future opportunities for similar agreements with insurers, banks and broker dealers."

Federated Investors, Inc. is one of the largest investment managers in the United States, managing $354.9 billion in assets as of March 31, 2011. With 133 funds, as well as a variety of separately managed account options, Federated provides comprehensive investment management worldwide to approximately 4,900 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. For more information, visit FederatedInvestors.com.
 

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