Federated Investors
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| Type | Public |
|---|---|
| Traded as | NYSE: FII S&P 500 Component |
| Industry | Financial Services |
| Founded | 1955 |
| Headquarters | Pittsburgh, Pennsylvania |
| Key people | John F. Donahue, Co-founder and Chairman J. Christopher Donahue, President and CEO |
| Products | mutual funds |
| Revenue | |
| Employees | 1,250 |
| Website | www.federatedinvestors.com |
Federated Investors is a large financial services company headquartered in Pittsburgh, Pennsylvania. Founded in 1955, the company manages $351.7 billion dollars of customer assets. The corporation offers 158 different types of mutual funds. Federated serves a diverse range of customers, including banks, broker-dealers, trust departments, investment companies, charitable organizations, and pension plans. Equity and fixed income mutual funds are offered both in the U.S. and in Europe through financial intermediaries. Federated offers a variety of investment options including investment products that focus on: small-mid cap, large cap, core equity, ultra-short bond, short-term bond, and intermediate term bonds, among others.
Federated offers its services through approximately 5200 client firms. The company offers flexible investing strategies to meet the needs of different customers.
[edit] History
Aetna acquired a majority ownership stake in Federated Investors in 1982; at the time Federated had nearly $30 billion in assets under management[1]. In 1989, Federated management bought out Aetna for $345 million, reestablishing majority control of the company[2]. In 1996, Federated management paid $100 million to acquire the remaining 25% stock ownership still held by Aetna.[3] Federated completed an initial public offering on the NYSE on May 14, 1998.[4]
[edit] References
- ^ Pittsburgh Post-Gazette – Jul 30, 1982
- ^ http://www.nytimes.com/1989/03/15/business/company-news-aetna-life-to-sell-federated-investors.html?partner=rssnyt&emc=rss
- ^ Pittsburgh Post-Gazette – Mar 5, 1996
- ^ http://www.accessmylibrary.com/coms2/summary_0286-5581879_ITM
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