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Monday, October 26, 2009

Federated's Future May Hold More Deals

News summary by MFWire's editors

Is J. Christopher Donahue still in an acquisitive mood? In the Monday Wall Street Journal "Fund Track" column, Daisy Maxey reports that the Federated Investors president and CEO is considering doing more deals, both outside the U.S. and in the money market business.

Such deals, Donahue reportedly said, could be aimed at adding more scale or combining with organic international growth, but they would not be aimed at expanding into specific new investment styles.

On Thursday, Federated reported its third-quarter earnings (see MFWire, 10/22/2009). 

Edited by: Neil Anderson, Managing Editor


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