Federated Liquidity Funds and Portfolio Managers Earn Awards
- Five U.S. and U.K-based funds recognized by iMoneyNet®
(PITTSBURGH, Pa., Feb. 07, 2013) — Federated Investors, Inc. (NYSE: FII), one of the nation’s largest investment managers, today announced five of its money market funds were recognized by iMoneyNet as Money Fund Report 2012 award winners.
In the U.S., Federated Prime Cash Series, managed by Paige M. Wilhelm and Mark F. Weiss, was awarded Money Fund Report’s Top Manager Award in the prime category for funds larger than $1 billion. Federated Prime Money Fund II, managed by Paige M. Wilhelm and Deborah Cunningham, was awarded Money Fund Report’s Top Manager Award in the prime category for funds with assets between $100 million and $1 billion. The awards were based on funds with the highest gross returns during 2012.
In the U. K., Federated Prime Rate US Dollar Liquidity Fund, managed by Gary Skedge and Annie Norton, was awarded Offshore Money Fund Report’s Top Manager Award in the U.S. dollar category for funds with assets between $100 million and $1 billion. The fund won the award because it had the highest gross return in its category.
In addition, Federated Prime Rate US Dollar Liquidity Fund Class 3 and Federated Prime Rate Sterling Fund Class 3 earned Offshore Money Fund Report Awards based on their overall net return during 2012.
Federated Investors, Inc. is one of the largest investment managers in the United States, managing $379.8 billion in assets as of Dec. 31, 2012. With 137 funds, as well as a variety of separately managed account options, Federated provides comprehensive investment management worldwide to approximately 4,700 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. For more information, visit FederatedInvestors.com.
Federated Securities Corp. is the distributor of the U.S. funds.
Federated Prime Rate Capital Management LLP of Liberty House, 222 Regent Street, London, W1B 5TR, a limited liability partnership registered in England OC327292 is authorized and regulated by the Financial Services Authority with FSA reference number 469674.