MDT to run new quant large-cap value fund

Federated Investors introduced a quantitative large-cap value fund, managed by its Boston-based quantitative unit, MDT Advisers, said Federated spokesman Ed Costello. The Federated MDT Large Cap Value fund will be benchmarked against the Russell 1000 Value index. MDT had $8.9 billion in assets under management in eight strategies as of Dec. 31, with the bulk of those assets in the firm’s all-cap strategy.