March 5, 2003 — Federated Investors `B` (FII) has named two senior portfolio managers and two senior analysts to its global equity investment management group.
Philip J. Orlando will join Federated later this month as senior portfolio manager of the firm’s large-cap growth portfolios. Orlando most recently served as chief investment officer at Value Line Asset Management where, for the last seven years, he oversaw more than $6 billion in equity and fixed-income products.
Uri D. Landesman will serve as senior portfolio manager overseeing the Federated International Equity Fund/A (FTITX). Landesman most recently worked at Arlington Capital Management where he served as the portfolio manager for their large-cap core equity product.
A Federated spokeswoman said it has not yet been determined which particular funds Orlando will oversee.
Federated also said Angela Kohler, who has served as a co-manager on the Federated Growth Strategies Fund/A (FGSAX), was named a senior investment analyst responsible for covering global media.
The former co-manager of the International Equity fund, Alex de Bethmann, will now serve as senior analyst for Asia/Japan, a sector he has been covering since 1987. De Bethmann also relinquished his role as co-manager of Federated Global Equity Fund/A (FGEIX).
The Federated spokeswoman said a successor has not yet been named for the Global Equity fund.
According to the spokeswoman, Richard M. Winkowski Jr. and James E. Grefenstette will continue as co-managers of the Global Equity fund. Winkowski will also stay on as co-manager of the International Equity fund, and Grefenstette will continue to manage the Growth Strategies fund.
For the year ended Jan. 31, 2003, the Global Equity fund dropped 21.0%, while the average global equity fund declined 20.5%. For the three-year period, the fund lost 18.4%, while the peer group slipped 15.8%. The portfolio carries a 3-Star rank from Standard & Poor’s.
The Growth Strategies fund, also ranked 3 Stars, dropped 26.8% for the year ended Jan. 31, 2003, while the average mid-cap growth portfolio shed 25.6%. For the three-year period, the fund lost 22.5%, while the peer group slipped 17.6%.
The International Equity fund posted a loss of 23.1%, compared with a 16.4% drop for the average international equity offering, for the year ended Jan. 31, 2003. For the three years, the fund lost 26.9%, while the peer group slipped 17.7%. The portfolio carries a 2-Star rank from Standard & Poor’s.