In Brief: Federated Investors Taps Fund Manager

Federated Investors, Pittsburgh, has named Richard J. Lazarchic vice president and portfolio manager of its $60 million World Utility Fund.

Mr. Lazarchic was most recently vice president and senior portfolio manager for the IDS Global Growth Fund. He joined IDS in 1979.

Federated's global investing unit manages 11 global and international funds with $1.4 billion of assets. Federated Investors manages more than $96 billion of mutual funds and separate accounts.

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