WASHINGTON (dpa-AFX) - Federated Investors Inc. (FII) and Trustmark Corp. (TRMK) have reorganized approximately $929 million in assets of funds of Performance Funds Trust into Federated funds with similar investment objectives. The reorganizations comprised assets of four equity, two fixed income and two money market Performance Funds.
The reorganizations were approved by shareholders of the Performance Funds on September 19, 2012.
In connection with the reorganizations, Trustmark Investment Advisors, Inc., a wholly owned subsidiary of Trustmark National Bank, also sold certain assets relating to its management of the Performance Funds to Federated and certain Federated advisory subsidiaries.
Following the consummation of these transactions, the Performance Funds will be terminated and, thereafter Trustmark Investment Advisors, Inc. will no longer serve as the sponsor and investment adviser to the Performance Funds, Federated Investors said.
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