Pittsburgh-based Federated Investors has completed its acquisitionof Cambridge, Mass.-based MDT Advisers.

MDT, with $6.7 billion under management, brings with it eight mutual funds, which Federated will immediately make available to its intermediaries, as well as several separately managed accounts. Federated is among the largest investment managers in the country, controlling about $217.5 billion in investments and offering 140 mutual funds.

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