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Stock Market & Financial Investment News

News Breaks
January 15, 2014
11:25 EDTFII, FIICFA Society of Cleveland to hold a luncheon discussion
Luncheon Meeting with Guest Speaker Linda Duesell, Senior Vice President of Federated Investors is being held in Cleveland, Ohio on January 15 at 12 pm.
News For FII From The Last 14 Days
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April 17, 2015
08:31 EDTFIIFederated Investors agrees to transition assets from Reich & Tang funds
Federated Investors announced that they have reached a definitive agreement for Federated to transition shareholder assets from Reich & Tang's money market funds. In connection with the transition, approximately $7B in shareholder accounts from six Reich & Tang money market funds will be transitioned into Federated strategies.The transaction is designed to assist with the orderly liquidation of Reich & Tang's domestic and offshore money market funds. The agreement provides for Federated, Reich & Tang, financial intermediaries and shareholders to work together on a coordinated and cooperative basis to transition the assets in shareholder accounts from the Reich & Tang money market funds to comparable Federated money market funds. Federated is now working with Reich & Tang customers on the transition, which is expected to take place in stages beginning in June and running through July 2015. The transaction and related transition of assets are subject to certain customary approvals and contingencies, such as shareholder consents.
April 9, 2015
07:35 EDTFIIFitch Ratings to hold a webcast
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April 8, 2015
06:29 EDTFIINew players entering repo market, WSJ says
Investors and small firms are filling a vacancy left by banks in the repo market, providing short-term loans to REITs and other borrowers, according to The Wall Street Journal. Invesco Mortgage Capital (IVR) and Invesco LTD (IVZ) are among the companies using these new funding sources, while Federated Investors (FII) has been discussing establishing new trading relationships with large securities holders such as insurance companies, the newspaper stated. Reference Link

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