Federated Investors is forming a subsidiary in a bid to build its position in the business of providing services to mutual fund companies.

Because Pittsburgh-based Federated also acts as a manager of its own mutual funds, the company hopes that the services unit will help give a more distinct identity to that business line.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.