Federated Investors, Inc. Announces Distribution Agreement with London-based GML Capital, a Specialized Investment Manager
June 25 2009 - 8:30AM
PR Newswire (US)
PITTSBURGH, June 25 /PRNewswire-FirstCall/ -- Federated Investors,
Inc. (NYSE:FII), one of the United States' largest investment
managers, today announced a strategic agreement with GML Capital
LLP, a London-based specialist investment manager, to market and
distribute products focused on investment in global trade finance
transactions, which will be advised by GML Capital. The
announcement was made by Gordon J. Ceresino, vice chairman and
executive director of international distribution at Federated, and
Stefan Pinter, chief executive officer of GML Capital. Through this
new relationship with GML, Federated expects to develop investment
opportunities for its high net worth and institutional investors
who can benefit from the attractive characteristics this
alternative asset class offers. Trade finance involves financing
cross-border imports and exports of goods and services.
Historically, investors seeking alternative investment products
have had limited opportunities to gain exposure to the trade
finance asset class, which in 2008 generated more than $130 billion
of new investment opportunities. This asset class offers investors
the potential for attractive returns, historically low default and
high recovery rates with low correlation to market indices. The
sourcing and structuring of these investments requires the
specialized resources and expertise that GML possesses. "With GML,
we look forward to offering investors seeking non-correlated alpha
opportunities access to the trade finance market," Ceresino said.
"Federated believes that investing in the trade finance asset class
is an attractive alternative way of generating additional returns
and enhancing diversification in fixed income products." GML is a
fund management and advisory firm that specializes in the emerging
markets and trade finance sectors. GML's areas of expertise include
investment advisory and management; advising on debt restructuring
and debt reduction strategies; debt recovery and trading; corporate
finance advisory; and originating, structuring and distributing new
financings. "GML and the investment funds it manages have been
structuring, distributing and profitably investing in trade finance
transactions since 1991, and trade finance is one of GML's core
areas of expertise," Pinter said. "GML is delighted to be working
with Federated, given its outstanding reputation for performance
and prudence, and Federated's strong relationships with major
institutional investors." About Federated Federated Investors, Inc.
is one of the largest investment managers in the United States,
managing $409.2 billion in assets as of March 31, 2009. With 158
funds and a variety of separately managed account options,
Federated provides comprehensive investment management to nearly
5,400 institutions and intermediaries including corporations,
government entities, insurance companies, foundations and
endowments, banks and broker/dealers. For more information, visit
http://federatedinvestors.com/. About GML Capital LLP GML Capital
traces its roots to 1983 in London. Authorized and regulated by the
Financial Services Authority in the UK, and an SEC registered
investment adviser, GML acts as investment adviser and manager to a
series of investment funds focusing primarily on emerging market
credit. Headquartered in London, GML has offices in Kiev, Moscow,
Genoa and Tbilisi and benefits from an extensive network of
relationships worldwide. GML staff speak more than 15 languages,
and have extensive backgrounds in fund management, trade finance,
commercial banking and investment banking. GML's 13-strong
London-based investment team has on average 18 years of
international finance experience, and almost six years average
tenure at GML. For more information, visit
http://www.gmlcapital.net/. For more complete information about
Federated funds, please visit http://federatedinvestors.com/ for
prospectuses. For more complete information about GML Capital,
please visit http://www.gmlcapital.net/. You should consider the
fund's investment objectives, risks, charges and expenses carefully
before you invest. Information about these and other important
subjects is in the fund's prospectus, which you should read
carefully before investing. Past performance is no guarantee of
future results. Mutual funds are subject to risks and fluctuate in
value. Separately managed accounts are made available through
Federated Global Investment Management Corp., Federated Investment
Counseling and Federated MDTA LLC, each a registered investment
advisor. Federated Securities Corp. is the distributor of Federated
funds. Certain statements in this press release, such as those
related to development of investment opportunities for additional
investors, 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. Among other risks and uncertainties is the ability of
Federated to successfully develop trade finance-related alternative
investments, and the risk factors discussed in the company's annual
and quarterly reports as filed with the Securities and Exchange
Commission. Many of these factors may be impacted as a result of
the ongoing threat of terrorism. 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. DATASOURCE: Federated Investors, Inc. CONTACT:
Media, Meghan McAndrew, +1-412-288-8103, Analysts, Ray Hanley,
+1-412-288-1920, or Distribution, Gordy Ceresino, +1-617-235-7137,
all of Federated Investors, Inc.; or Stefan Pinter of GML Capital,
+44-20-7580-8588, Web Site: http://federatedinvestors.com/
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