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Stock Market & Financial Investment News

News Breaks
March 27, 2014
04:55 EDTTST, TST, TST, LAZ, LAZ, LAZ, FII, FII, FIIUniversity of Dayton co-hosts a conference
University of Dayton in association with United Nations Global Compact, holds RISE 14 (Redefining Investment Strategy Education), the largest student investment conference worldwide, in Dayton, Ohio on March 27-29.
News For TST;LAZ;FII From The Last 14 Days
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March 20, 2015
12:02 EDTFIIFederated Investors to acquire $91M in assets from Touchstone Ohio
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08:31 EDTFIIFederated Investors to acquire $91M in assets from Touchstone Ohio
Federated Investors and Touchstone Advisors have reached a definitive agreement regarding the acquisition by Federated of certain assets relating to Touchstone's management of the Touchstone Ohio Tax-Free Money Market Fund, a series of Touchstone Tax-Free Trust. In connection with the acquisition, approximately $91M in tax-free money market assets will be reorganized from the Touchstone Ohio Tax-Free Money Market Fund into Federated Ohio Municipal Cash Trust, a portfolio with a similar investment objective. Federated Ohio Municipal Cash Trust has approximately $391M in net assets and is a portfolio of the Federated Money Market Obligations Trust, which has approximately $184B in aggregate net assets. With approximately $19B in tax-free, state-specific money market assets under management, Federated offers more tax-free state money market products than any other investment manager. The reorganization is expected to be tax-free and is anticipated to be completed in the second quarter of 2015. Closing of the transaction is subject to shareholder approval and certain other contingencies.
March 17, 2015
07:55 EDTFIIFederated Investors shares relatively overvalued, says Credit Suisse
Credit Suisse is cautious on Federated Investors and said shares embed an optimistic rate outlook and regulatory outcome. The analyst said a Fed rate increase will increase earnings but fee recovery could be less than expected and new MMF rules could significantly reduce prime MMF AuM. Shares are Underperform rated with a $34 price target.
March 16, 2015
09:17 EDTFIIFederated Investors announces exclusive agreement with Reich & Tang
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