Federated Investors has acquired assets of an equity fund managed by Tributary Capital Management. The U.S. investment manager paid a total of $100.6 million for assets in the Tributary International Equity Fund.
As a part of the deal, Federated Investors will reorganize the acquired assets into the Federated International Leaders Fund, which has a similar investment objective. The transaction was completed on July 22, 2011.
Click here for the release from Federated Investors.