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 |
|
Monday, July 17, 2006 Federated Gains Funds With Acquisition With the completion of its most recent M&A move, Federated Investors has eight new equity mutual funds on offer. The Pittsburgh-based investment management company announced Monday that its deal to purchase MDT Advisers, a quantitative equity management firm, has closed. Made public in May, the acquisition of Cambridge, Massachusetts-based MDT -- which has about $6.7 billion in assets under management -- cost Federated roughly $110 million in initial payments plus up to $130 million more over the next three years. Printed from: MFWire.com/story.asp?s=12243 Copyright 2006, InvestmentWires, Inc. All Rights Reserved |