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, June 28, 2005 Federated Picks up $164 MM in AUM Pittsburgh, Pennsylvania-based Federated Investors has agreed to acquire three of AMCORE Financial's Vintage Funds with $163.8 million in assets under management. The Vintage Balanced Fund ($22.1 million) will be merged into Federated's Stock and Bond Fund ($328.3 million); and Vintage's Equity Fund ($107.8 million) and the Vintage Growth Fund ($33.9 million) will be merged into the Federated Capital Appreciation Fund ($3.3 billion), pending shareholder approval. The deal leaves the Vintage fund family with just six money market and bond funds. "Federated's long history of working with banks, coupled with our equity investment expertise, provides an ideal opportunity for AMCORE to transition into an open architecture system," said J. Christopher Donahue, president and chief executive officer of Federated Investors. Printed from: MFWire.com/story.asp?s=9983 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |