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.
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