Federated's History

John F. Donahue and Richard B. Fisher, two former high school classmates, founded Federated with the assistance of outside legal counsel Thomas J. Donnelly. Federated's first office was in the Jenkins Arcade in downtown Pittsburgh.
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Assets Under Management: $78 M

Oct. 1

The entrepreneurial spirit of John F. Donahue, Richard B. Fisher and Thomas R. Donnelly built Federated.
The purchase of the Income Foundation Fund (now Federated Global Allocation Fund) signaled Federated's entry into the ranks of investment company managers. The fund's SEC registration number was 001, the first fund registered under the Investment Company Act of 1940.
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Assets Under Management: $92 M

Jan. 1

Acquiring the Income Foundation Fund allowed the fledgling company to sell a product with a 20-plus year track record.
First public stock offering at $4.75 per share.
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Assets Under Management: $13 M

Aug. 27

John F. Donahue appeared on the cover of Mutual Fund Review the same year the company went public.
By allowing investors to "exchange" their shares of common stocks for shares of the fund without incurring capital gains, the Empire Fund, one of Federated's first exchange funds, attracted $300 M in assets.
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Assets Under Management: $78 M

Jan. 24

Founder Jack Donahue displays an advertisement for Federated's Empire Fund. Federated negotiated with the U.S. Treasury Department to keep exchange funds tax-free.
The company shifted to selling funds exclusively through brokers and institutions.
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Assets Under Management: $98 M

Jan. 1

Founder Richard B. Fisher focused his efforts on growing sales for Federated throughout his career.
Fund for Investing in U.S. Government Securities, the first fund to invest exclusively in U.S. Government securities, garnered $60 M in assets in its first two years.
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Assets Under Management: $265 M

Jun. 1

Federated's eagle graced the cover of the fund's annual report to shareholders.
The promotion for Money Market Management, one of the first money market mutual funds, generated 90,000 sales leads during a 16-week media blitz.
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Assets Under Management: $575 M

Oct. 11

Glen Johnson's media savvy in more than 250 interviews across the country had phones ringing at Federated.
Created the industry's first institutional-only money market fund and one of the first municipal bond funds.
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Assets Under Management: $824 M

Jan. 1

Today Federated offers investors nearly 50 money market mutual funds.
EDGE (Electronic Data Gathering Extension), the industry's first online order-entry system for purchasing and redeeming fund shares, was launched for 300 client banks.
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Assets Under Management: $8 B

Jan. 1

Today, EDGEnet, the current version of EDGE, provides Internet account access.
Established a partnership with the American Association of Retired Persons (AARP) and National Retired Teachers Association (NRTA) by launching the U.S. Government Money Market Trust exclusively for their members.
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Assets Under Management: $8 B

Jun. 4

At the time, AARP had 12 million members and huge potential to draw assets to the fund.
Federated sold to Aetna Life & Casualty Co.
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Assets Under Management: $8 B

Jul. 28

Founder Jack Donahue memorialized the date of Federated and Aetna's all-night negotiation on this box of toothpaste, which he used before announcing the merger to the press.
Within 120 days the firm raised $3 billion in assets in Government Income Securities, Inc. — the largest underwriting of a mutual fund at that time.
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Assets Under Management: $44 B

Mar. 1

An ad for the fund was based on Pennsylvania's 1986 license plate design.
Federated moved its headquarters to the brand-new Federated Investors Tower in Liberty Center, downtown Pittsburgh, Pa.
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Assets Under Management: $44 B

Jun. 1

Over the years, Federated has grown but remains headquartered at this location in Pittsburgh.
Federated bought itself back from Aetna.
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Assets Under Management: $40 B

Aug. 1

Jack Donahue and Jim Lynn, then Aetna's CEO, sign the papers that returned Federated Investors to self-ownership.
Federated established Federated International Management Limited, a wholly owned subsidiary in Dublin, Ireland, becoming the first U.S. company whose registered money market funds were approved for distribution to the European community.
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Assets Under Management: $54 B

Mar. 1

Dublin's hospitable business environment made it a logical choice for Federated's first offshore funds.
Formed an institutional sales force to distribute investment management products and services designed for corporations, government entities, insurance companies and other institutions.
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Assets Under Management: $76 B

Jan. 1

Federated takes a consultative approach by getting to know each client's business needs and offering options to help them grow.
Expanded international and global investment research through a New York City office.
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Assets Under Management: $83 B

Apr. 4

As foreign economies grew, it made sense for an investment team to focus on managing international stocks and bonds.
Federated Investors, Inc. emerged as a publically traded company on the New York Stock Exchange. The opening price was $19 per share. A 3 for 2 stock split followed in June 2000.
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Assets Under Management: $139 B

May 14

Federated trades under the stock ticker FII.
Launched venture with German insurer LVM-Versicherungen.
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Assets Under Management: $139 B

Nov. 1

LVM continues to offer Federated funds in Germany and other German-speaking countries.
Federated began management of the well-known $3.2 billion Kaufmann Fund through an acquisition of its adviser, Edgemont Asset Management.
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Assets Under Management: $179 B

Apr. 1

Lawrence Auriana and Hans Utsch, managers of Federated Kaufmann Fund.
Federated's stock was added to the S&P 500 Index, Standard & Poors benchmark index of leading companies in major industries. In 2012, the stock was moved to the S&P MidCap 400.
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Assets Under Management: $197 B

Apr. 15

Chief Executive Officer J. Christopher Donahue rings the closing bell at the New York Stock Exchange to celebrate Federated's addition to the S&P 500.
Completed acquisition of $19.3 billion in cash management assets from Alliance Capital Management LP.
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Assets Under Management: $213 B

Apr. 15

Federated celebrated its 50th anniversary in the investment business.
Acquired $6.7 billion MDT Advisers, a leading quantitative equity manager.
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Assets Under Management: $237 B

Jul. 17

Our Boston-based company utilizes a unique, relentlessly disciplined process.
Launched Federated InterContinental Fund following the acquisition of certain assets related to the management of the Rochdale Atlas Portfolio, a $366 million mutual fund.
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Assets Under Management: $301 B

Aug. 28

Managed through a unique proprietary process focused on identifying the country markets with the strongest performance potential.
Surpassed $300 B in total managed assets and increased money market assets to a record $237 billion.
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Assets Under Management: $301 B

Aug. 28

Federated offers a range of solid investment choices.
Acquired assets of Prudent Bear Funds and assets related to Clover Capital Management.
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Assets Under Management: $407 B

Dec. 2

As a result of the acquisitions, Federated could offer investors two new value mutual funds and two new alternative funds.
Launched the Money Market Matters section on FederatedInvestors.com to address legislative and reform issues within the industry.
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Assets Under Management: $389 B

Jan. 1

Money Market Matters was created to provide current information about Federated's money funds and developments in the cash industry.
Federated moved its North Hills location to the Ericsson Campus in Warrendale, Pa.
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Assets Under Management: $389 B

Jun. 1

The company is headquartered in downtown Pittsburgh, and also has U.S. locations in New York, Boston, and Rochester.
Federated acquired more than $15 billion in money market assets though transactions with SunTrust Banks, Inc. and Hilliard-Lyons.
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Assets Under Management: $358 B

Jan. 1

Federated has been a cash-management leader for nearly 40 years.
Federated launched corporate social media pages, a video micro site and an iTunes page to enhance digital communications.
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Assets Under Management: $358 B

Sept. 1

Connect with us and watch our latest investment videos.
Developed the Federated Short-Term Sterling Liquidity Fund, a Pound Sterling denominated money market fund based in Dublin, Ireland.
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Assets Under Management: $369 B

Jan. 1

The fund was later renamed the Federated Short-Term Sterling Prime Fund.
Launched the first major online/print advertising campaign since 2003.
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Assets Under Management: $369 B

Aug. 15

The campaign focused on Federated Strategic Value Dividend and International Strategic Value Dividend Funds.
Expanded global footprint through the acquisition of London-based Prime Rate Capital Management and a European distribution agreement with Bury Street Capital.
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Assets Under Management: $379 B

Dec. 22

This UK based subsidiary of Federated Investors, Inc. is now named Federated Investors (UK) LLP.
Selected by the Commonwealth of Massachusetts to manage the $9.5 billion Massachusetts Municipal Depository Trust (MMDT) Portfolios.
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Assets Under Management: $379 B

Jul. 25

Federated manages MMDT's Cash Portfolio and Short-Term Bond Portfolio.
Equity and fixed-income assets reached a then-record $100 billion at year end.
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Assets Under Management: $376 B

Dec. 31

Equity assets grew 26 percent and accounted for 40 percent of total revenue.
Reached an agreement with RJ Delta Fund Management, a Buenos Aires, Argentina-based subsidiary of Raymond James, for distribution of Federated equity and fixed-income products for use by Chilean pension funds.
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Assets Under Management: $374 B

Mar. 6

Six funds were approved: Federated Emerging Market Debt Fund, InterContinental Fund, Institutional High Yield Bond Fund, International Leaders Fund, Strategic Value Dividend Fund and Prime Value Obligations Fund.

 
 
 
 
 
 
 
 
 
 
 
 
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