PITTSBURGH, May 20, 2015 /PRNewswire/ -- Federated
Investors, Inc. (NYSE: FII), one of the nation's largest investment
managers, today announced that Lawrence
Auriana, a senior portfolio manager on the Federated
Kaufmann growth equity team, has retired.
Over the years, Federated has prepared for such a transition
among senior Kaufmann team members. Hans Utsch, who is the co-founder and senior
portfolio manager of the Federated Kaufmann team, will continue to
lead the stock research and portfolio management efforts overseeing
a team of 14 portfolio managers, analysts and traders. Utsch
will continue to serve as senior portfolio manager for Federated
Kaufmann Fund, Federated Kaufmann Large Cap Fund, Federated
Kaufmann Small Cap Fund and Federated Kaufmann Fund II, which is
used in variable annuities. He also assumes Auriana's
portfolio management responsibilities for the Federated Kaufmann
Fund and the Federated Kaufmann Fund II.
Each fund will continue to have its existing multi-portfolio
manager, team-based structure, with eight portfolio managers
focused on investing in companies poised for growth and
profitability. Auriana's other fund responsibilities will be
divided among existing Federated Kaufmann team members.
Specifically, for the Federated Kaufmann Large Cap Fund,
additional responsibilities will be shared by two current portfolio
managers: Tom Brakel and
Johnathan Art. Brakel is a
senior portfolio manager and senior investment analyst who has 18
years of investment experience and has been a part of the Federated
Kaufmann team since 2002. Art is senior portfolio manager and
senior investment analyst and 34-year veteran of the industry who
has been a part of the Federated Kaufmann team since 1995.
Similarly, for the Federated Kaufmann Small Cap Fund, additional
responsibilities will be shared by two current portfolio managers:
John Ettinger and Stephen DeNichilo. Ettinger is a senior
portfolio manager and senior investment analyst who has worked in
the industry for 21 years, including 19 years as part of the
Federated Kaufmann team. DeNichilo is a portfolio manager and
senior investment analyst who has 17 years of investment experience
and joined the Federated Kaufmann team in 2012.
In addition, Stephen F. Auth,
chief investment officer for global equities, who has 33-years of
investment experience, has worked closely with the Federated
Kaufmann team since 2002 and will continue to oversee the team from
a performance and risk-attribution perspective.
"Larry was dedicated to growth investing and the cultivation of
the team's next generation of growth analysts and investors who
have been central to the success of the Federated Kaufmann
strategies," said John B. Fisher,
president of Federated's advisory companies. "Fortunately, the
Federated Kaufmann team has very insightful and experienced team
members who have worked closely with Hans
Utsch in an intensive, performance-focused environment for
years or even decades. Our research and investment process
will continue without interruption providing fund shareholders and
clients with the opportunity for performance they have come to
expect from the Federated Kaufmann team."
The Federated Kaufmann team includes eight portfolio managers,
who average more than 27 years in the investment management
business, three additional analysts, who average more than 25 years
of investment management experience and three traders who average
more than 19 years of experience.
The Kaufmann team is focused on companies poised for growth and
profitability over a three- to five-year horizon. A key
characteristic shared by these companies is the opportunity to
achieve growth ahead of the curve and seek to sustain it through
well-executed innovation. The Kaufmann team employs a highly
disciplined bottom-up approach that includes frequent conversations
with key managers and employees, regular on-site visits and
industry analysis as well as thorough fundamental research.
The team's selection process is intense and impartial,
drawing on its long experience of making solid assessments about a
company's true—and continuing—growth potential.
As of April 30, 2015, the
Federated Kaufmann team oversaw more than $9
billion in equity assets including the $5.9 billion Federated Kaufmann Fund, the
$2.5 billion Federated Kaufmann Large
Cap Fund, the $752 million Federated
Kaufmann Small Cap Fund and the $127
million Federated Kaufmann Fund II.
Federated Investors, Inc. is one of the largest investment
managers in the United States,
managing $355.8 billion in assets as
of March 31, 2015. With 130 funds and
a variety of separately managed account options, Federated provides
comprehensive investment management to more than 7,700 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 distributor of the Federated
funds.
Separately managed accounts are made available through
Federated Global Investment Management Corp., Federated Investment
Counseling and Federated MDTA LLC, each a registered investment
adviser.
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SOURCE Federated Investors, Inc.