Federated Investors [profile] is tweaking some of its equity fund offerings, according to Morningstar's latest Fund Times column.

The firm is making changes to its $850 million Federated Capital Appreciation fund, which is merging into the Federated Equity Income Fund, and its $320 million Federated Mid Cap Growth fund, which will now be managed by the firm's quantitative-strategy group, MDT Advisors. Both funds "have struggled to keep pace in recent years," according to Morningstar.

And the $392 million Federated Prudent Absolute Return Fund will lose the "Prudent" from its name and drop PM Doug Noland, who was brought on by the board in 2010.  

Edited by: Chris Cumming


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