Federated Investors Inc. is one of the largest investment managers in the U.S. It sponsors, markets and provides investment-related services, serving mutual funds and separately managed accounts, institutional accounts, sub-advised variable annuity and other managed products. It is the nation's third-largest manager of money-market assets, behind Fidelity Investments and J.P. Morgan Chase's J.P. Morgan Asset Management.
Known mainly as a money-market expertise, Federated has been on a buying spree in recent years, building its equity-fund assets and it has also beefed up in-house research and risk controls. Chief executive J. Christopher Donahue has called it "a franchise for all seasons."
The company has worked hard to diversify into other investment areas tith tighter regulatory controls on money-market funds on the way, a likely industry consolidation and profitability decline.
Based in Pittsburgh, it has a reputation as a conservative shop compared to flashier rivals. Barron's magazine has called the firm "Boringly Beautiful." Mr. Donahue's father, former B-29 bomber pilot John F. Donahue, was a co-founder, and many relatives work there. It's been one of the most profitable money managers in the business of late.
FI's utilitarian jobs platform reflects the company's low-key business approach, and its online history and overview are similarly straightforward and unembellished. But applicants can glean a sense of the company's top players on its Commentary page, where a sampling of investment managers share up-to-date views of the market.