Federated Investors, Bury Street Capital agree on distribution deal

Federated Investors (FII) and London-based investment marketer and distributor Bury Street Capital agreed to a distribution deal on four Federated funds, Federated spokeswoman Meghan McAndrew confirmed.

The distribution deal is the latest step in extending Pittsburgh-based Federated's reach across the globe, Ms. McAndrew added.

Bury Street will handle distribution on three new Federated bond funds — the Emerging Markets Global Debt, U.S. Total Return Bond and High Income Advantage UCITS funds — and the Federated Strategic Value Equity Fund in Europe.

The three bond funds are expected to be launched by the end of the year. Federated currently runs about $1 million in the equity fund.

Bury Street's sales efforts will complement, and not replace, those of Federated's own Frankfurt-based team, which focuses on clients in German-speaking countries, Ms. McAndrew said.

The distribution agreement “follows significant global initiatives for (Federated) in 2012, including the April acquisition of London-based Prime Rate Capital Management, a U.K.-based provider of institutional liquidity and fixed-income products, and the August announcement of our new Asia-Pacific subsidiary based in Melbourne, Australia,” Gordon J. Ceresino, president of Federated International Management, said in a news release. Federated International Management is the firm's European arm.