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, November 30, 2010 Deal Moves $14 Billion of Fund Assets to Federated Federated Investors has wrapped up its purchase of SunTrust Banks' money market management business. Approximately $14 billion of assets moved to Federated money market funds. The transition was completed last Wednesday. The deal was first announced in July. In a press release on Monday, Federated president and CEO Chris Donahue called the transaction a " continuation of Federated's long-term relationship with SunTrust." Printed from: MFWire.com/story.asp?s=35262 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |