Federated Investors

Federated Investors, Inc.

Type	Public (NYSE: FII)
Founded	1955
Headquarters	Pittsburgh, Pennsylvania
Key people	John F. Donahue, Co-founder and Chairman J. Christopher Donahue, President and CEO
Industry	Financial Services
Products	mutual funds
Revenue	▲$978.8 million USD
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 $400 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 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 more than 5400 client firms. The company offers flexible investing strategies to meet the needs of different customers.

History

Aetna acquired a majority ownership stack 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].

References

1. ^ Pittsburgh Post-Gazette - Jul 30, 1982
2. ^ http://www.nytimes.com/1989/03/15/business/company-news-aetna-life-to-sell-federated-investors.html?partner=rssnyt&emc=rss
3. ^ Pittsburgh Post-Gazette - Mar 5, 1996
4. ^ http://www.accessmylibrary.com/coms2/summary_0286-5581879_ITM