Federated Investors Snaps Up Prudent Bear Funds - Private Equity and Hedge Funds * US * News * Story

Runway Angels
The superbowl of fashion shows, models walk down the runway at the 2009 Victoria's Secret Show.
Smartphone Guide
Here's a need-to-know guide to nine devices, based on features, price, network and platform.
Wines for the Holidays
Not quite sure what wine to pair with Turkey or Creme Brulee? Our experts do.

FEATURED QUIZZES

How Well Do You Know Your Bird?
Let's talk turkey. Test your turkey knowledge and perhaps pick up a bit of trivia to trot out at your holiday meal.
A Healthier & Wealthier You
Take the following quiz and find out how much you know about the impact of obesity on the health of the U.S. economy.
The Billionaire BFF's
Philanthropists. Bridge partners. Hockey players. Which responses are based on facts from Buffett's and Gates' real lives?

SPECIAL REPORTS

Winterizing Your Portfolio
If 2009 was the winter of our discontent, will 2010 be a winter wonderland for investors? A lot depends on the recovery—or lack thereof.
Investor's Guide to Real Estate
Some even say the long-awaited recovery is here. Regardless, buyers and sellers alike can profit from our guide.
Alternative Investing
Stocks and bonds? Sure. But it's a big world out there for investors.

CNBC ON DIGG

Federated Investors Snaps Up Prudent Bear Funds

Topics:Mergers & Acquisitions | Economy (Global) | Economy (U.S.) | Hedge Funds | Private Equity

Companies:Federated Investors Inc

By: Reuters | 15 Jul 2008 | 09:41 AM ET

Text Size

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.