Press release from PR Newswire
Federated Investors, Inc., Expands Global Fixed-Income Group
Monday, March 24, 2014
Federated Investors, Inc., Expands Global Fixed-Income Group09:02 EDT Monday, March 24, 2014
- Ruggero de' Rossi to lead emerging-market strategies
PITTSBURGH, March 24, 2014 /PRNewswire/ -- Federated Investors, Inc. (NYSE: FII), one of the nation's largest investment managers, today announced it has hired Ruggero de' Rossi to lead the company's emerging-market fixed-income investment group. As senior portfolio manager, de' Rossi will report to Ihab L. Salib, head of international fixed income at Federated.
"Ruggero brings to Federated's international fixed-income group a distinguished record of managing teams of international portfolio managers and analysts," said Robert J. Ostrowski, chief investment officer for the Federated global fixed-income group. "His experience in rigorous top-down currency management and sovereign credit analysis will serve as an asset to the international fixed-income team and the shareholders of Federated's emerging-market strategies."
He joins Federated with more than 23 years of experience in emerging-market fixed-income management. Most recently, de' Rossi served as chief investment officer for emerging markets at Tandem Global Partners, a provider of private investment vehicles, where he specialized in emerging-market debt, currencies and sovereign-credit products. Prior to that, de' Rossi served as head of emerging-market proprietary trading at JPMorgan Chase & Co. He also oversaw teams of international bond, emerging-market debt and strategic-income funds for OppenheimerFunds. He earned his doctorate in macroeconomics and economics from the University of Rome in Italy.
"Ruggero has an advanced understanding of emerging countries and the key factors influencing stability and growth, as well as experience in managing emerging-market debt over multiple economic cycles," said Salib. "We look forward to the deepened experience he brings to the Federated emerging-market team."
Federated Investors, Inc. is one of the largest investment managers in the U.S., managing $376.1 billion in assets as of Dec. 31, 2013. With 135 funds and a variety of separately managed account options, Federated provides comprehensive investment management to approximately 6,000 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. For more information, visit FederatedInvestors.com.
Certain statements in this press release, such as those related to goals, business and product and strategy development plans, expectations of success, performance and investment objectives and strategies, constitute or may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the company, or industry results, to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Other risks and uncertainties include the ability of the company to predict business needs, investor interest and product and strategy demand, which could vary significantly depending on a variety of factors, including market conditions, investment performance and investor behavior. Other risks and uncertainties also include the risk factors discussed in the company's annual and quarterly reports as filed with the Securities and Exchange Commission. As a result, no assurance can be given as to future results, levels of activity, performance or achievements, and neither the company nor any other person assumes responsibility for the accuracy and completeness of such statements in the future.
SOURCE Federated Investors, Inc.
For further information: Media: Meghan McAndrew 412-288-8103, or Ed Costello 412-288-7538; Analysts: Ray Hanley 412-288-1920