|
CNBC'S MOST SHARED
- 'We're in the Middle of a Crash': Black Swan
- A Goldman Trading Scandal?
- The Rising Mountain of Debt May Be the Next Crisis
- Cuddle Parties Heat Up
- Latvian Banker Taking Souls as Collateral
- Alaska Governor Sarah Palin Will Resign
- Malaysia PM Speaks to CNBC
- SEC May Reinstate Rules for Short-Selling Stocks
- Your First Move For Monday July 6th
- BOJ Shirakawa: Japan Corporate Finance Still Tight
- China Reassures on Dollar Debate Before G8
- Obama Heads to Moscow for 'Reset' Summit
- Alcoa to Post Loss — What Does This Mean?
- UK Spy Chief's Wife Posts Life on Facebook
- A Goldman Trading Scandal?
- Partner Re to Buy Paris Re in $2 Billion Deal
- Obama Plan Would Trim Back Financial Powerhouses
- Biden: 'We Misread How Bad The Economy Was'
- Market 360: The Week's Best & Worst
- Fireworks At Pharma's Market
- Value of Warren Buffett's Annual Gift to Gates Foundation Falls Along With Berkshire's Stock
- Michael Jackson: The Music And The Money
- Five Stock Picks for This Market
- Realities of the New Obama Refis
- Weak Dollar Means Gold at $1,040: Strategist
- Court Ruling Could Mean Trouble for TiVo
- Lance, Please Back Out Of Tour
Federated Investors Snaps Up Prudent Bear Funds
Companies:Federated Investors Inc
Money manager Federated Investors said it is buying prominent fund manager David Tice's Prudent Bear Funds, which specialize in making money on falling stocks.
Federated [FII
Loading...
()
], which manages mostly money market funds, said the purchase price of the transaction includes a $43.0 million initial payment and future contingent payments of up to $99.5 million over the next four years.
Tice, who founded the funds in 1995 and who has become more prominent in the last months as stocks have tumbled, will join Federated as a chief portfolio strategist, the company said.
Copyright 2009 Reuters. Click for restrictions.
MORE FROM CNBC









