|By PR Newswire||
|September 23, 2013 02:30 AM EDT||
- Subsidiary is a leading provider of institutional liquidity and fixed-income products in the UK
LONDON, Sept. 23, 2013 /PRNewswire/ -- Federated Investors, Inc. (NYSE: FII), one of the largest investment managers in the United States, announced that effective Sept. 23, 2013, Federated's London-based subsidiary has changed its name to Federated Investors (UK) LLP from Federated Prime Rate Capital Management LLP.
Federated Investors (UK) LLP, a specialist provider of AAA-rated money-market funds in the UK, provides investors with liquid, diversified and highly rated portfolios through its management of the Federated Short-Term Sterling Prime Fund and the Federated Short-Term Euro Prime Fund, which are Qualifying Money Market Funds (QMMFs), as well as the Federated Sterling Cash Plus Fund, which qualifies as a European Securities and Markets Authority (ESMA) money market fund.
Federated Investors (UK) LLP provides the only Institutional Money Market Funds Association (IMMFA) money market funds to be domiciled in the UK and authorised by the Financial Conduct Authority (FCA). Federated also offers a range of UCITS funds to corporates, financial institutions, insurers and the public sector throughout Europe.
"The new name better reflects our experienced team's full integration into Federated's global cash-management business," said Dennis F. Gepp, managing director and chief investment officer of cash at Federated Investors (UK) LLP. "As part of one of the world's largest and most experienced managers of money market products, we are able to offer clients throughout Europe a variety of high-quality investment solutions."
For more information about Federated's UK-based products, visit FederatedInvestors.co.uk.
Federated Investors, Inc. is one of the largest investment managers in the United States, managing $363.8 billion in assets as of June 30, 2013. With 135 funds, including a family of Irish-domiciled UCITS products, as well as a variety of separately managed account options, Federated provides comprehensive investment management worldwide to approximately 5,700 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. For more information, visit FederatedInvestors.com.