Changes were made in the management team at three Federated
] mutual funds, including the firm's flagship.
is leaving the Pittsburg-based asset manager, where he co-PMed the Federated Kaufmann Fund I
, and veteran PM Tom Brackel
is taking on his duties, as well as joining the Kaufmann Small Cap Fund
These funds have about $6.5 billion in combined AUM. They will continue to be led by PMs Larry Auriana
and Hans Utch
, who have been at the helm since 1986.
Brackel has been an analyst and PM on various Federated funds for the last nine years. Gold was named PM
in 2008 and had been with the firm since 2004.
Gold could not immediately be reached for comment, and a Federated spokeswoman declined comment on the reasons for his departure.
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