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Federated Investors has reached a marketing services agreement with RJ Delta Fund Management, a Buenos Aires, Argentina-based subsidiary of Raymond James.
RJ Delta's clients include pension funds, institutional investors and institutional wealth managers.
RJ Delta will focus on the distribution of Federated equity and fixed-income products for investment by pension funds in Chile.
Under the agreement, RJ Delta will market six products approved by the Comision Clasificadora de Riesgo for investment by pension funds in Chile: Federated Emerging Market Debt Fund, Federated InterContinental Fund, Federated Institutional High Yield Bond Fund, Federated International Leaders Fund, Federated Strategic Value Dividend Fund and Federated Prime Value Obligations Fund.
The agreement expands Federated's global distribution capabilities by building upon RJ Delta's extensive connections in the USD200bn Chilean pension market.
"Through our agreement with RJ Delta, Federated has taken another step in growing our global presence, where Federated has USD21bn of assets under management," says Gordon J Ceresino, president of Federated International Management. "We anticipate that the availability of Federated strategies in Chilean pension funds will serve as an entry point for broader long-term distribution throughout Latin America."
The arrangement with RJ Delta is intended to complement Federated's other global growth initiatives, including expanding Canadian distribution, growing Europe and UK operations and distribution, and developing a presence in the Asia-Pacific region.
"RJ Delta looks forward to the opportunity to represent Federated as the firm's Chilean distributor," says Gabriel Ruiz, chief executive officer of RJ Delta. "Federated's 58 years of experience as an investment manager, its product diversification and its consultative approach to client relationships are ideally suited to the Chilean pension markets."
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