MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, March 28, 2006 Federated Investors Closes on Acquisitions Federated Investors, Inc. announced Monday that it has closed on two strategic acquisitions by its equity mutual funds. The transactions together represent the transition of $376 million into the company's funds. In the first deal, the Federated Mid-Cap Index Fund, which seeks correlation with the S&P MidCap 400 Index, acquired $218 million in assets of the Mason Street Index 400 Fund. In the second deal, the Federated Kaufmann Fund, focused on small- to mid-size companies, acquired $158 million in assets from the Wayne Hummer Growth Fund. The Pittsburgh-based Federated Investors has now chalked up nine strategic transactions involving equity and bond assets since 2000. It also took over Alliance Capital Management's $19.3 billion cash management business in 2005. Printed from: MFWire.com/story.asp?s=11530 Copyright 2006, InvestmentWires, Inc. All Rights Reserved |