With its $100 million market-timing and late-trading settlement officially in the books, Pittsburgh-based Federated Investors is looking forward to growing through acquisitions and adding more income-oriented products that target the nation's Baby Boomers.

Company President and CEO J. Christopher Donohue told the Pittsburgh Post Gazette late last week that the investigation by Securities and Exchange Commission and New York State Attorney General Eliot Spitzer cost the fund shop about $30 million, a number that includes the cost of internal reforms. Now the firm is ready to

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