Federated Investors acquired about $100 million in assets from an international equity fund managed by Tributary Capital Management.
Terms of the deal weren’t disclosed, said Federated spokeswoman Meghan McAndrew.
Shareholders of the $100.6 million Tributary International Equity Fund have approved the deal, and on July 22 the assets were moved to Federated’s International Leaders Fund, which had $407.5 million in assets at the end of June.
Tributary spokeswoman Brittany Fahrenkrog couldn’t immediately be reached for comment.
