PITTSBURGH — Federated Investors has launched a technology fund to invest in companies with market capitalization of more than $3 billion.

The Federated Large Cap Tech Fund will seek to invest in profitable technology companies with positive cash flows that are leaders in their sectors.

The fund will be managed by the J. Thomas Madden, chief investment officer; Michael Tucker, assistant vice president and portfolio manager; and Dean Kartsonas, vice president and portfolio manager, according to a company press release.

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