Banks try to assure customers of stability Oct 17, 2008
Experts at Federated Investors, who have seen customer service call volume rise 30 percent in recent weeks, are posting regular commentaries on the company's Web site even as the organization last month began pushing out details on its fund holdings more rapidly than usual so clients didn't have to wait for once-monthly postings as the markets seesawed daily. "In this sort of era of transparency, we have tried to be more open," explained J.T. Tuskan, spokesman for the Pittsburgh investment... (Pittsburgh Post-Gazette, PA)
Bond market starts to thaw as the credit crunch eases Oct 15, 2008
"All the stuff you want to see happening is happening," says William Dawson of Federated Investors. Rising comfort in lending money to corporate borrowers. (USA Today -- Money)
Calm amid the confusion: Pros weigh in on stocks' prospects Oct 13, 2008
Linda Duessel, strategist at Federated Investors, says that just because some investors have to sell, that doesn't mean others have to buy. "There's a dearth of buyers. How will it go up without a buyer?". (USA Today -- Money)
Stocks end wild session mixed after 8-day slide Oct 11, 2008
They were paced by Federated Investors, which rose 20 percent to finish at $24. 40, up $4. (Pittsburgh Post-Gazette, PA)
Stocks tumble after late sell-off Oct 11, 2008
But I can't stand in the way of this falling knife I'd get sliced open, said Phil Orlando, chief equity market strategist at Federated Investors. Investors are just saying, get me out at any price. (San Diego Union-Tribune -- Business)
DOW LOSES ANOTHER 7% Oct 10, 2008
"I think the market's way oversold. But I can't stand in the way of this falling knife -- I'd get sliced open," said Phil Orlando, chief equity market strategist at Federated Investors. "Investors are just saying, get me out at any price.". (The Drudge Report)
U.S. Stocks Drop, Erasing Early Gains Oct 10, 2008
People have lost faith in everything,'' said , who helps manage $350 billion as chief equity market strategist at Federated Investors Inc. in New York. We're dealing with an investment community of atheists right now. (Yahoo News -- U.S. Economy)
Money funds one short-term option Oct 7, 2008
The fund was merged a few days later into a larger fund run by Federated Investors, and all shareholders received $1 a share. Alarmed by the run on money funds the run was entirely by institutional investors the Treasury said it would temporarily guarantee assets in money funds as of the end of business on Sept. 19. (Albany Times Union)
Dow below 10,000 for first time in 4 years Oct 7, 2008
26 or 8 percent, and Federated Investors advanced 4 percent, closing at $26. 60, up $1. (Pittsburgh Post-Gazette, PA)
Money-market fund providers seek guarantees Oct 4, 2008
The list of money fund providers that have so far indicated plans to participate includes such firms as Alpine; BlackRock; Charles Schwab; Columbia Management; Dreyfus Funds; Evergreen Investments; JPMorgan; Federated Investors; First American; Goldman Sachs; Legg Mason; Morgan Stanley; Putnam Investments; UBS; and Virtus Investment Partners. Reserve Management has other funds besides its Primary Fund that are under pressure because of a rush of investors wanting to pull out money. (San Diego Union-Tribune -- Business)
The Bailout: An Owner's Manual Oct 3, 2008
Stephen Auth, chief investment officer for Federated Investors (nyse: - - ), says to expect more bad economic news for at least the next couple of quarters, including unemployment levels at 7% or higher ... Several indicators will be of use, according to Auth of Federated Investors. (Forbes -- Business)
Federated Investors, Inc. and Putnam Investments Announce Transaction to Benefit Money Market Fund Shareholders Sep 25, 2008
3 billion Putnam Prime Money Market Fund (institutional) will receive $1-per-share for $1-per-share of $22 billion Federated Prime Obligations Fund, an AAAm-rated fund - Federated's total money market mutual fund assets as of Sept. 22 were approximately $248 billion, up from $242 billion on Sept. 15 PITTSBURGH, Sept. 24 /PRNewswire-FirstCall/ -- Federated Investors, Inc. (NYSE: ) and Putnam Investments today announced that the Putnam Prime Money Market Fund will liquidate after 5 p.m. today with... (PR Newswire)
Putnam Takes Rare Step Sep 25, 2008
In an unusual move, Putnam Investments late Wednesday said it is teaming up with money-market giant Federated Investors Inc. to help bail out investors in one of its institutional money funds that closed last week. Investors in a frozen Putnam money fund will find Thursday they instead own an equivalent number of shares in a still healthy. (Wall Street Journal)
Federated takes over $12.3B money market fund Sep 25, 2008
Federated Investors announced yesterday that it took over a $12. 3 billion money market fund that Putnam Investments closed last week after institutional investors began cashing out. (Pittsburgh Post-Gazette, PA)
Great-West's Putnam Shifts Prime Money Market Fund Clients to Federated Sep 25, 2008
Sept. 24 (Bloomberg) -- Putnam Investments LLC said clients in a money-market fund it froze last week will receive an equal number of shares in a fund run by Federated Investors Inc.. The $12. (Bloomberg -- Canada)
Short Sellers Come Under Fire in U.S., U.K. After Collapse of Lehman, AIG Sep 21, 2008
The shorting rules gave investors the belief the world is not coming to an end,'' said , New York-based chief equity strategist at Federated Investors Inc., which oversees $334 billion. You had a lot of the hedge funds ganging up on these financial companies and putting them out of business. (Bloomberg -- Europe)
Wild Week on Wall Street Ends With Market Surge Sep 20, 2008
Shorting is not the cause, its a bi-product of a much larger picture," Bob Nunn, chief operating officer of Cohen Specialists, told FOX Business. Soothing the Money Markets Additionally, the government released plans to ease fears about money-market funds just days after Reserve Primary Fund, a $62 billion money-market mutual fund, became just the second fund ever to "break the buck," or expose investors to losses. Money-markets funds are a vital source of short-term liquidity to the markets.... (Fox News)
What Is Short-Selling and 'Naked' Shorting? Sep 20, 2008
The SEC's ban gives financial companies time to stabilize "without the daily drumbeat of hedge funds shorting them on a coordinated basis," said Phil Orlando, chief equity market strategist for Federated Investors Inc., which manages $330 billion in assets. 1. (ABC News -- Wire)
Federated Investors, Inc. Provides Interim Holdings for the Firm's Money Market Funds Sep 19, 2008
PITTSBURGH, Sept. 18 /PRNewswire-FirstCall/ -- Federated Investors, Inc. (NYSE: ), one of the nation's largest investment managers posted interim holdings reports for each of the money market funds the firm manages ... Federated Investors, Inc. is one of the largest investment management firms in the United States, managing $333 ... SOURCE Federated Investors, Inc.. (PR Newswire)
Dow Surges 410 Points on Hopes of Bailout Sep 19, 2008
" Financial stocks also benefited from new liquidity measures taken by the Federal Reserve and other central banks, which injected $180 billion into the fragile global financial system. Central bankers are hoping the flood of U.S. dollars will help thaw the ongoing credit crisis that slammed the markets this week. Earlier in the day Wall Street was spooked when news broke that U.S. asset manager Putnam Investments closed its $15 billion Prime Money Market Fund when customers began pulling money.... (Fox News)
Markets open higher Thursday; lose some ground at noontime Sep 19, 2008
Federated Investors Inc. (NYSE:FII), $26. 15, down 14. (Pittsburgh Business Times, PA)
Professional money fund is closed by Putnam Sep 19, 2008
The shares of State Street, Bank of New York Mellon, Northern Trust, Federated Investors and Genworth Financial all fell sharply on fears that they would either be forced to use corporate funds to support their money-fund values or face the loss of their money-fund franchises. 1. (International Herald Tribune -- Business)
Stocks surge on report of entity for bad debt Sep 19, 2008
We are in uncharted territory, said Linda Duessel, the equity market strategist at Federated Investors. The seriousness and the size of this fallout has been underestimated from the beginning. (Atlanta Journal-Constitution -- Business)
Money markets Sep 19, 2008
Meanwhile, shares in State Street, Federated Investors and other investment firms slumped over concerns that their money market funds will suffer losses. Q&A. (USA Today -- Money)
Epigenomics AG: Voting Rights: Correction Release of a Voting Rights Notification (paragraph 21 Para. 1 WpHG) Released On 11 September 2008 in Accordance With paragraph 26, Para. 1 WpHG (German Securities Trading Act) With the Aim of a Euro Sep 19, 2008
In correction of the voting rights notification dated 10 September 2008 and released by Epigenomics AG on 11 September 2008, Federated Investors Inc., Pittsburgh, PA, USA on 18 September 2008 made the following corrected notification in the name and on behalf of Federated Equity Management Company of Pennsylvania, Pittsburgh, PA, USA pursuant to paragraph 21 para ... Federated Investors Inc. is the parent company of F II Holdings Inc., which in turn is the parent company of Federated Equity... (Primezone Releases)
Money-market funds scramble to calm investors Sep 18, 2008
Bruce Bent, co-founder of the world's first money market fund, The Reserve Fund Federated Investors and BlackRock, two of the largest money market managers, indicated that their funds held no commercial paper issued by Lehman Brothers, and asserted that their funds will continue to maintain a $1 NAV.. To drive home that point, officials at Federated held a special conference call with an estimated 500 clients dialing in this morning to discuss the status of the firms holdings and address the... (Crain's Chicago Business)
Comptroller severs ties with Lehman in light of bankruptcy Sep 18, 2008
The comptroller directed Federated Investors to take over marketing and client services of TexPool from Lehman. Lehman Brothers has 30 days to make the transition. (San Antonio Business Journal, TX)
Stocks dive: Snowballing fears on Street set us up for a fall Sep 18, 2008
In another sign that investors want nothing to do with troubled banks, bank-to-bank lending basically froze up Wednesday, says Joe Balestrino, a senior fixed-income portfolio manager at Federated Investors. That caused the Libor rate that banks charge each other for short-term loans to jump from 2. (USA Today -- Money)
Money-market fund's troubles spur industry moves Sep 18, 2008
Wachovia said it "will support the value of Lehman credit held in the funds'' by pouring cash into the funds from the parent company to ensure the funds don't fall short of maintaining at least $1 for every dollar invested in them. BlackRock Inc., Legg Mason Inc., Charles Schwab Corp. and Federated Investors Inc. were among other firms Wednesday that reported their money funds have no Lehman exposure. Peter Crane, president of Crane Data, publisher of the money-market fund newsletter Money Fund... (The Star Online, Malaysia -- Business)
First money market fund falls below $1 Sep 17, 2008
A number of fund managers have said they have no Lehman holdings in their money funds, including Vanguard, Charles Schwab, American Beacon, BlackRock, Federated Investors and Western Asset Management. In 1994, management companies rescued at least 18 money market funds that had invested in complex securities that went bad when interest rates shot up. (San Francisco Chronicle -- Business)
Federated to Acquire Clover Capital Sep 17, 2008
Federated Investors could pay up to $93 million in the deal. It includes an initial $36 million purchase price and contingent payments of up to $57 million over five years based on growth. (R News)
Fifth Third selling municipal bonds Sep 6, 2008
Pittsburgh-based Federated Investors (NYSE: FII) is an investment manager with about $237 billion in assets under management. Fifth Third Asset Management is a unit of Cincinnati-based (NASDAQ: FITB). (Cincinnati Business Courier, OH)
Stressed Out? An investing plan can help Sep 2, 2008
"If you're a younger person, with a much longer time horizon, with much greater risk tolerance, markets like this give you an excellent opportunity to put more money to work," said Phil Orlando, chief equity market strategist at Federated Investors in New York City. Member ID. (Republican-American)
World-Beating U.S. Stocks at 25.8 Times Earnings Means Rally Can't Persist Sep 2, 2008
Money managers at Federated Investors Inc., Russell Investments and Morgan Asset Management, which oversee a combined $600 billion, said the gains won't last because corporate profits will fail to meet analysts' estimates. Wall Street forecasters, who were too optimistic about earnings for the past four quarters, predict income at America's biggest companies will grow by a record in the final three months of 2008, according to data compiled by S&P.. (Bloomberg -- US)
Stressed over stocks? Devise an investing plan Aug 27, 2008
"If you're a younger person, with a much longer time horizon, with much greater risk tolerance, markets like this give you an excellent opportunity to put more money to work," said Phil Orlando, chief equity market strategist at Federated Investors in New York City. Make a plan After deciding how much investment risk you are comfortable with, you should identify your goals and develop a plan to achieve them, said Orlando. (MSNBC -- Politics)
Wall Street Surges As Oil Retreats Aug 23, 2008
Linda Duessel, the equity market strategist at Federated Investors, said the financial sector is key to a broader recovery on in stocks, which are down more than 10 percent this year. "We need to absolutely find a bottom in financials to really believe that the bear can be behind us," she said, referring to the pullback in stocks since last fall. (CBS News)
Worst Time to Sell Fund Managers Since '02 Impairs Lehman, Wachovia Plans Aug 23, 2008
Federated Investors Inc., the fourth-largest U.S. manager of money-market mutual funds, has bought stock and bond-fund managers to appeal to a larger group of investors. In July, the Pittsburgh-based company agreed to buy two funds from David Tice, who is known for his bearish outlook on the stock market. (Bloomberg)
Voting Rights: Epigenomics AG: Publication Pursuant to Article 26 Para. 1 WpHG With the Aim of Pan-European Distribution Aug 22, 2008
On 21 August 2008 Federated Investors Inc., Pittsburgh, USA made the following notifications regarding the holding of voting rights held in Epigenomics AG, Berlin, Germany, according to article 21 WpHG in their name as well as for their subsidiary F II Holdings Inc., Pittsburgh, USA ... On 1 April 2008 Federated Investors Inc. fell below the 3 per cent, the 5 per cent, the 10 per cent and the 15 per cent thresholds of article 21 para ... Further on the same day, Federated Investors Inc. made the... (Primezone Releases)
Buying Stocks at Best Prices Means Goldman Doesn't Measure Up to JPMorgan Aug 19, 2008
who oversees trading for Pittsburgh-based Federated Investors Inc., says it's a mistake for investment firms to whittle their broker lists too much. There are niche brokers that have expertise in specific markets or can excel with certain types of orders,'' says Trebilcock, whose managed $333. (Bloomberg)
US stocks fall sharply amid financial sector concerns Aug 13, 2008
"Some of the big bellwether financial-services companies are precipitating the correction that we're seeing,'' said Phil Orlando, chief equity market strategist at Federated Investors of Tuesday's retreat by stocks. Still, he said the run-up in stocks since oil began falling last month has made occasional retrenchments not unexpected. According to preliminary calculations, the Dow fell 139.88, or 1.19 percent, to 11,642.47. Broader stock indicators also declined. The Standard s 500 index fell... (The Star Online, Malaysia -- Business)
Lehman Hardest Hit by Wall Street's Biggest Borrowing Cost Rise Since 2000 Jul 29, 2008
This is almost self-induced balance-sheet destruction,'' said , a fixed-income strategist at Pittsburgh- based Federated Investors Inc., which manages about $330 billion. This is far beyond just your basic slowdown. (Bloomberg)
Asset manager swings to loss on SIV problems; T. Rowe's profit ... Jul 26, 2008
Also, Federated Investors Inc. (:FII, , , Last. Delayed quote data. (MarketWatch)
Federated Investors 2Q earnings below Wall Street expectations Jul 25, 2008
Members: Not Registered. for free extra services. (Pittsburgh Business Times, PA)
Federated Investors to acquire assets of David W. Tice & Associates Jul 16, 2008
Federated Investors to acquire assets of David W. Tice & Associates - Pittsburgh Business Times ... Federated Investors to acquire assets of David W. Tice & Associates. (Pittsburgh Business Times, PA)
Fannie, Freddie Lure Short-Term Debt Investors as Shares Sink Jul 15, 2008
Vanguard Group and Federated Investors Inc. said they will continue to buy the short-term debt of the companies and the cost to protect debt of Fannie Mae and Freddie Mac from default fell to the lowest in two months yesterday ... Federated, which manages $225 billion in money-market mutual funds, is holding onto the companies' debt, said , chief investment officer of taxable money funds at Pittsburgh-based Federated Investors Inc.. (Bloomberg)
Lots of grief to spread around Jul 14, 2008
"The feeling is that this will be a sloppy earnings season, the tone of which is going to be very much like the previous three quarters," said Phil Orlando, chief equity market strategist at Federated Investors. "The banks and the housing sector, on through autos and retailers, are the problem children.". (Albany Times Union)
U.S. help for other companies not likely Jul 14, 2008
Fannie and Freddie are too big to fail only because of the repercussions, not to just the mortgage and housing markets but the entire financial market, said Joe Balestrino, fixed-income market strategist at Federated Investors. The U.S. is in disarray. (San Diego Union-Tribune)
Take a deep breath, investors: Drama's in store for rest of '08 Jul 3, 2008
Don't give up on the second-half rally just yet, says Phil Orlando, chief equity market strategist at Federated Investors. He expects frothy oil prices to pull back and predicts Fed rate cuts and tax rebate checks to stimulate the economy enough to jolt stocks out of their bearish phase. (USA Today -- Money)
Trinidad and Tobago Exchange Seeks Alliances With Markets in U.S., Canada Jun 21, 2008
Caribbean stock markets aren't on investors' radar because ``institutional investors are limited by market capitalization and liquidity,'' said , who helps manage about $44 billion in stocks at Federated Investors Inc. in New York. We like a country whose market and economy are well diversified otherwise it's too risky and those smaller economies usually have only one or two industries. (Bloomberg -- Latin America)
Pittsburgh's 250th kicks off with cake Jun 19, 2008
The Federated Investors Parade of Champions starts Friday with a chance for fans to view trophies and assorted memorabilia accumulated by the Pirates, Steelers, Penguins, Pitt Panthers and a host of other teams. In a bit of a twist, the fans will be the ones doing the actual parading, as they stroll through the History Center to view the special exhibits. (Pittsburgh Post-Gazette, PA)
Three-day festival extols city's storied sports history Jun 18, 2008
And as part of the 250th anniversary of the naming of Pittsburgh, a three-day fan festival kicks off Friday to commemorate the achievements of Pittsburgh teams and stars through the Federated Investors Parade of Champions at the Senator John Heinz History Center and Western Pennsylvania Sports Museum. Some of the hardware on display will be five Super Bowl trophies, two World Series trophies and a Pitt collection of championship trophies along with Tony Dorsett's Heisman. (Pittsburgh Post-Gazette, PA)
Wholesale Prices Jump Despite Weak U.S. Economy Jun 18, 2008
"Wholesalers do not feel completely comfortable passing through this inflation to their customers because they're afraid of losing market share," said Philip Orlando, chief equity strategist at Federated Investors. Job losses and pay gains that aren't keeping up with inflation also make it harder to raise prices. (Investors Business Daily)
* NYSE: Wall Street cautious as focus shifts to inflation Jun 15, 2008
Philip Orlando at Federated Investors said the stock market may be able to make headway despite the muddled outlook. We believe that the economic environment is much more stable, earnings visibility has improved somewhat for stocks, the political environment is less uncertain now, he said. (Taipei Times, Taiwan -- World)
SEC Plans Tougher Rules For Credit Raters Jun 12, 2008
The change would be "a completely cosmetic solution to a fundamental problem that is better addressed at the source -- the substance that underlies the rating," said Deborah Cunningham, chief investment officer of Federated Investors Inc (nyse: - - ) and a member of SIFMA's rating task force. DISCLOSURE OVERHAUL. (Forbes)
Let's Learn From the Past: The Pittsburgh Pipers Jun 5, 2008
Fans can see the Pittsburgh Pipers' 1968 ABA championship trophy at the "Federated Investors Parade of Champions," a Pittsburgh 250 event at the Western Pennsylvania Sports Museum June 20-22. Visit for tickets and more information about the three-day fan festival celebrating Pittsburgh's unrivaled sports history. (Pittsburgh Post-Gazette, PA -- Sports)
Pensions Picking Dollar Assets Shorted by Hedge Funds Have History on Side Jun 2, 2008
Conditions for a dollar rebound are not yet in place,'' said , senior portfolio manager who manages $3 billion of global bonds at Federated Investors Inc. in Pittsburgh. The dollar is going to drift lower. (Bloomberg)
Vale Falls Most in 2 Months on Concern Nickel Price Slump May Hurt Profit May 30, 2008
The metals market at a certain point has to have a bit of correction,'' said , who helps manage $44 billion at Federated Investors Inc. in New York. Nickel's decline may hurt mining companies such as Vale, which gets about 36 percent of its profit from the metal, London- based MF Global Ltd. analyst wrote May 23. (Bloomberg -- Latin America)
Crash-Proof Oil Stocks May 17, 2008
He began putting together Alerian in July 2004 and trading MLPs with $5 million under management from Hans Utsch, a portfolio manager at Federated Investors, whom Hammond had met at a luncheon. Hammond struggled just to pay the bills but earned 15% his first half-year in operation. (Forbes)
Stocks Decline as AIG Reveals Need for Cash, Oil Surges May 12, 2008
Phil Orlando, chief equity market strategist at Federated Investors said investors retreated primarily because of the AIG news. "That news came as something of a surprise to some and a wake-up call to most that the financial-service companies are not yet out of the woods.". (ABC News -- Wire)
Stocks decline as oil surges May 10, 2008
Phil Orlando, chief equity market strategist at Federated Investors said investors retreated primarily because of the AIG news. "That news came as something of a surprise to some and a wake-up call to most that the financial-service companies are not yet out of the woods." But Orlando noted that the market has pulled back this week after a sizable rebound in the last two months and that some investors might be eager to lock in profits while Wall Street irons out some concerns about the financial... (Crain's Chicago Business)
Insiders Are Buying Office-Furniture Maker's Stock May 9, 2008
Sign up now for FREESmartMoney. com Newsletters Enter your email address below. (SmartMoney)
* NYSE: US investors cautiously embrace fragile recovery May 4, 2008
Linda Duessel at Federated Investors said a number of factors still are weighing on the stock market, including near-record energy costs and home prices that are falling at an alarming rate. Consumer confidence remains weak and inflation appears to be on the rise as well. (Taipei Times, Taiwan -- World)
Treasuries Drop for Third Week on Bets Fed to Pause in Interest-Rate Cuts May 4, 2008
It does feel like the worst of the liquidity crisis is over, but it doesn't seem like the worst of the economic downturn is over yet,'' said , who oversees about $6 billion as co-head of government and mortgage-backed securities at Federated Investors in Pittsburgh. It seems like that's still to come. (Bloomberg -- US)
Auction-Rate Bond Market Shrinks 18% as SEC, States Investigate Collapse Apr 22, 2008
The fixed-rate bond market has improved massively, but it's still cheap,'' said , who manages $870 million of municipal securities for Federated Investors in Pittsburgh. The auction-rate market has improved substantially, but those levels are still high relative to where fixed-coupon bonds are. (Bloomberg)
Dollar's plunge becoming lynchpin in 1Q earnings Apr 20, 2008
"If you look at some of the companies that had good quarters, they're doing half or more business abroad," said Phil Orlando, chief equity market strategist at Federated Investors. "The weakness in the dollar is a significant benefit in currency translation, and for those companies that are developing products that will create a boost for export activity.". (ABC News -- Wire)
