Federated Reorganizes $929 Million in Trustmark Assets

Federated Investors Inc., the second-biggest U.S. money-market mutual fund firm, said it reorganized about $929 million in assets from Trustmark Corp.’s Performance Funds Trust into similar funds it manages.

Eight offerings from Performance Funds, including four equity, two fixed-income and two money-market funds, were shifted into seven Federated products, the Pittsburgh-based money manager said today in a statement. The changes were approved by Performance Funds’ shareholders on Sept. 19, according to the statement.