Federated Investors, Inc. Strategic Value Dividend Team Portfolio
Manager Set to Retire at Year End
•
Long-time team members and portfolio managers Daniel Peris and Deborah Bickerstaff
to assume broader responsibilities
(PITTSBURGH, Pa., Oct. 2, 2015) — Federated Investors, Inc. (NYSE: FII), one of the nation’s largest investment
managers, today announced that 45-year industry veteran Walter Bean, senior portfolio manager and head of the
Strategic Value Dividend team, plans to retire at the end of 2015.
“Walter and his colleagues on the team have delivered competitive long-term results consistent with the
objective-based expectations of their investors,” said John B. Fisher, president, Federated Advisory Companies.
“In a variety of market conditions, Walter has served our clients by continuing to seek high-dividend yield and
dividend growth. We thank him for his capable stewardship of the company’s Strategic Value Dividend
franchise.”
Long-time team members Daniel Peris, senior portfolio manager, and Deborah D. Bickerstaff, portfolio manager,
will assume broader responsibilities for Federated’s $25 billion U.S. and international Strategic Value Dividend
mutual funds, managed accounts and institutional separate accounts. Peris, who will become head of the
Strategic Value Dividend team at year end, and Bickerstaff have worked together on the team for a decade and
have a combined 30-plus years of experience at Federated. The portfolios are supported by a team of five
analysts, two research assistants and an associate portfolio manager, who average 14 years of experience on the
team.
Bean will continue in his role as senior portfolio manager through Dec. 31, 2015, while working with Peris and
Bickerstaff to transition his responsibilities. Peris oversees the team’s research efforts and has done so since 2012,
while Bickerstaff oversees model interactions for our various platforms. Bickerstaff currently reports to Peris and
will continue to do so when Bean retires.
“While I realize there is never a perfect time to retire, I have enjoyed 45 years in the investment management
business and look forward to spending more time with my family in the new year,” said Bean. “I am
tremendously confident that Federated’s Strategic Value Dividend team is ready to continue the hard work and
discipline required to continue to deliver the objectives our dividend-oriented portfolio investors expect.”
Prior to being named a portfolio manager on the team in 2006, Peris served as a senior investment analyst
focusing on the global consumer staples sector. Peris earned his bachelor’s degree from Williams College and his
master’s degree from Oxford University. He also earned a Ph.D. from the University of Illinois and held a postdoctoral fellowship at the Hoover Institution, Stanford University. Peris is a CFA charterholder and the author of
two books about dividend investing.
MEDIA:
Meghan McAndrew 412-288-8103
MEDIA:
Ed Costello 412-288-7538
ANALYSTS:
Ray Hanley 412-288-1920
Federated Portfolio Manager to Retire
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Bickerstaff has served as portfolio manager on the team since 2013 and prior to that served in various capacities
on the team, including as associate portfolio manager, since joining the team in 2005. She previously worked at
Federated as a senior analyst for performance attribution and risk management, as a senior financial analyst in
fund treasury and as a fund accountant. Bickerstaff earned her bachelor of science degree from La Roche College
and joined Federated in 1996.
Federated’s Strategic Value Dividend strategies emphasize carefully selected high-dividend-paying stocks that
offer the potential for monthly income, broad diversification among income sectors and inflation protection
through both dividend and equity growth opportunities.
Federated Investors, Inc. is one of the largest investment managers in the United States, managing $349.7 billion
in assets as of June 30, 2015. With 130 funds, as well as a variety of separately managed account options,
Federated provides comprehensive investment management worldwide to approximately 7,900 institutions and
intermediaries including corporations, government entities, insurance companies, foundations and endowments,
banks and broker/dealers. For more information, visit FederatedInvestors.com.
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Certain statements in this press release, such as Federated’s staffing expectations or its ability to offer the same strategies and
processes in the future, may constitute forward-looking statements, which involve known and unknown risks, uncertainties
and other factors that may cause the actual results, levels of activity, performance or achievements of the company, or
industry results, to be materially different from any future results, levels of activity, performance or achievements expressed
or implied by such forward-looking statements. Other risks and uncertainties also include the risk factors discussed in the
company's annual and quarterly reports as filed with the Securities and Exchange Commission. As a result, no assurance can
be given as to future results, levels of activity, performance or achievements, and neither the company nor any other person
assumes responsibility for the accuracy and completeness of such statements in the future.