Matrix sells cash manager Prime Rate to US group Federated

Fri Jan 6, 2012




Federated Investors, one of the largest investment managers in the US with assets under management of over $350 billion, is to buy cash management and money markets investment firm Prime Rate Capital Management from UK-based financial services group Matrix.

London-based Prime Rate, which runs some $2.4...

ISSN: 2151-1845 / CDC10004H

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