Federated Investors
From Wikipedia, the free encyclopedia
| Federated Investors, Inc. | |
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| 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 |  $911 million USD |
| Employees | 1,400 |
| Website | www.federatedinvestors.com |
Federated Investors is a major mutual fund financial company headquartered in Pittsburgh, Pennsylvania. Founded in 1955, the company manages over $200 billion dollars of customer assets. The corporation offer 163 different types of funds, each designed to target a specifc group. Federated serves a diverse range of customers, including private individuals, banks, investment companies, charitable organizations, and pension plans. Public equity and fixed income mutual funds are offered worldwide through Federated's brokers. The corporation mutual fund assets are spread evenly through different markets in hopes of making a higher return. Small-mid cap, large cap, and core equity funds are the company's largest asset. Fixed income funds are invested in ultra-short, short-term, and intermediate term securities.
Federated offers its services through over 2600 banks and independent brokers. The company offers flexible investing strategies to meet the needs of different customers. Since 2001, Federated has been able to offer a much larger international portfolio. This is partially in thanks to the aquistion of the Kaufmann Fund division of Toronto-Dominion Bank's American arm, Banknorth.
In an agreement with New York State Attorney General Elliot Spitzer, Federated Investors has agreed to pay 100 million dollars for allowing improper trades that hurt long term investors. The company had accepted late trades from Texas firm Veras Investment Partners. Late trades are transactions that occur after the 4pm closing time of the stock exchange. By law, late trades must receive the next days closing price to prevent acting on late-breaking news.
| Pittsburgh-based Corporations (Within the Pittsburgh Metro Area) |
|---|
| Pittsburgh-based Fortune 500 Corporations: Alcoa | U.S. Steel | PPG | H.J. Heinz | PNC Financial | Mellon Financial | WESCO International |
| Pittsburgh-based Fortune 1000 Corporations: Allegheny Energy | Consol Energy | Allegheny Technologies | Dick's Sporting Goods | Kennametal | American Eagle Outfitters | Wheeling-Pittsburgh Steel | Mylan |
| Pittsburgh-based Forbes Largest Private Companies: 84 Lumber | GNC | Giant Eagle | Sheetz |
| Externally owned, regionally based, and other Pittsburgh corporations: American Bridge | Ampco Pittsburgh | Bayer USA | Calgon Carbon | Dollar Bank | DQE Holdings | Eat'n Park | Federated Investors | FedEx Ground | GlaxoSmithKline | Guru.com | Highmark | iGate | Koppers | Michael Baker | Mine Safety Appliances | NOVA Chemicals | Oxford Development | Pittsburgh Brewing Company | Respironics | rue21 | University of Pittsburgh Medical Center | Vivisimo | Wabtec |
