Federated Investors Inc., a Pittsburgh investment management company, announced Monday that it had bought MDTA LLC, a Cambridge, Mass., investment firm.
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MDTA LLC, through its MDT Advisers, manages $6.7 billion of assets. MDT Advisers is now a division of Federated MDTA LLC and becomes Federated's quantitative investment unit for equity investing.
Its professionals will continue to manage the eight MDT equity mutual funds, as well as separately managed accounts, by using the Optimum Q process, bottom-up portfolio selection that integrates stock selection with control of trading costs and risk.
