Federated Investors is looking to take its fixed income prowess across the pond with the help of Bury Street Capital, a London-based investment marketing and distribution firm whose clients include leading global pension funds and wealth managers throughout Europe.
Under the agreement, Bury Street will market and distribute three fixed-income strategies with new share classes that are expected to launch in the fourth quarter, including: Federated Emerging Markets Global Debt Fund, Federated U.S. Total Return Bond Fund and Federated High Income Advantage Fund. All three fixed-income UCITS funds will offer share classes denominated in U.S. dollars, pounds sterling and euro.
In addition, Bury Street Capital will market and distribute the Federated Strategic Value Equity Fund, a U.S. dollar-denominated dividend UCITS fund available in multiple share classes.
"The distribution agreement with Bury Street Capital is another step in growing Federated's global presence," stated Gordon Ceresino, president of Federated International Management Limited. "The Bury Street agreement follows significant global initiatives for our firm in 2012, including the April acquisition of London-based Prime Rate Capital Management LLP, a U.K.-based provider of institutional liquidity and fixed-income products, and the August announcement of our new Asia-Pacific subsidiary based in Melbourne, Australia."