PITTSBURGH, Oct. 2, 2015 /PRNewswire/ -- Federated
Investors, Inc. (NYSE: FII), one of the nation's largest investment
managers, today announced that 45-year industry veteran
Walter Bean, senior portfolio
manager and head of the Strategic Value Dividend team, plans to
retire at the end of 2015.
"Walter and his colleagues on the team have delivered
competitive long-term results consistent with the objective-based
expectations of their investors," said John B. Fisher,
president, Federated Advisory Companies. "In a variety of
market conditions, Walter has served our clients by continuing to
seek high-dividend yield and dividend growth. We thank him for
his capable stewardship of the company's Strategic Value Dividend
franchise."
Long-time team members Daniel Peris, senior portfolio manager,
and Deborah D. Bickerstaff,
portfolio manager, will assume broader responsibilities for
Federated's $25 billion U.S. and
international Strategic Value Dividend mutual funds, managed
accounts and institutional separate accounts. Peris, who will
become head of the Strategic Value Dividend team at year end, and
Bickerstaff have worked together on the team for a decade and have
a combined 30-plus years of experience at Federated. The
portfolios are supported by a team of five analysts, two research
assistants and an associate portfolio manager, who average 14 years
of experience on the team.
Bean will continue in his role as senior portfolio manager
through Dec. 31, 2015, while working
with Peris and Bickerstaff to transition his responsibilities.
Peris oversees the team's research efforts and has done so since
2012, while Bickerstaff oversees model interactions for our various
platforms. Bickerstaff currently reports to Peris and will
continue to do so when Bean retires.
"While I realize there is never a perfect time to retire, I have
enjoyed 45 years in the investment management business and look
forward to spending more time with my family in the new year," said
Bean. "I am tremendously confident that Federated's Strategic
Value Dividend team is ready to continue the hard work and
discipline required to continue to deliver the objectives our
dividend-oriented portfolio investors expect."
Prior to being named a portfolio manager on the team in 2006,
Peris served as a senior investment analyst focusing on the global
consumer staples sector. Peris earned his bachelor's degree
from Williams College and his master's
degree from Oxford University. He also
earned a Ph.D. from the University of
Illinois and held a post-doctoral fellowship at the Hoover
Institution, Stanford University. Peris
is a CFA charterholder and the author of two books about dividend
investing.
Bickerstaff has served as portfolio manager on the team since
2013 and prior to that served in various capacities on the team,
including as associate portfolio manager, since joining the team in
2005. She previously worked at Federated as a senior analyst
for performance attribution and risk management, as a senior
financial analyst in fund treasury and as a fund accountant.
Bickerstaff earned her bachelor of science degree from La Roche College and joined Federated in 1996.
Federated's Strategic Value Dividend strategies emphasize
carefully selected high-dividend-paying stocks that offer the
potential for monthly income, broad diversification among income
sectors and inflation protection through both dividend and equity
growth opportunities.
Federated Investors, Inc. is one of the largest investment
managers in the United States,
managing $349.7 billion in assets as
of June 30, 2015. With 130
funds, as well as a variety of separately managed account options,
Federated provides comprehensive investment management worldwide to
approximately 7,900 institutions and intermediaries including
corporations, government entities, insurance companies, foundations
and endowments, banks and broker/dealers. For more information,
visit FederatedInvestors.com.
Certain statements in this press release, such as Federated's
staffing expectations or its ability to offer the same strategies
and processes in the future, may constitute forward-looking
statements, which involve known and unknown risks, uncertainties
and other factors that may cause the actual results, levels of
activity, performance or achievements of the company, or industry
results, to be materially different from any future results, levels
of activity, performance or achievements expressed or implied by
such forward-looking statements. Other risks and uncertainties also
include the risk factors discussed in the company's annual and
quarterly reports as filed with the Securities and Exchange
Commission. As a result, no assurance can be given as to future
results, levels of activity, performance or achievements, and
neither the company nor any other person assumes responsibility for
the accuracy and completeness of such statements in the future.
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SOURCE Federated Investors, Inc.