] is tweaking some of its equity fund offerings, according to Morningstar's latest Fund Times column
The firm is making changes to its $850 million Federated Capital Appreciation
fund, which is merging into the Federated Equity Income Fund
, and its $320 million Federated Mid Cap Growth
fund, which will now be managed by the firm's quantitative-strategy group, MDT Advisors
. Both funds "have struggled to keep pace in recent years," according to Morningstar.
And the $392 million Federated Prudent Absolute Return Fund
will lose the "Prudent" from its name and drop PM Doug Noland
, who was brought on by the board in 2010.
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