On March 14, 2014, Federated Investors, Inc. (NYSE: FII) announced that it will acquire fixed income assets from Huntington Asset Advisors, Inc. worth approximately $421 million. The assets will be acquired from five Huntington fixed-income mutual funds and reorganized into five existing Federated fixed-income mutual funds with similar investment strategies.
On March 14, 2014, Federated Investors, Inc. (NYSE: FII) announced that it had reached an agreement with Huntington Asset Advisors, Inc., an investment advisor subsidiary of The Huntington National Bank, to acquire assets from five Huntington fixed-income mutual funds. These assets, worth approximately $421 million, will be reorganized into Federated’s existing mutual funds. The transaction is expected to be completed in the second quarter of 2014.
Federated is one of the largest investment managers in the U.S., with approximately $376.1 billion in assets under management across 135 funds and various separately managed accounts. The Huntington National Bank and its affiliates provide financial services and retail banking services, primarily in Ohio, Michigan, Pennsylvania, Indiana, West Virginia and Kentucky.
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