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Investments
 12 Months Ended
Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]  
Investments
Investments
At December 31, 2018 and 2017, Federated held investments in Separate Accounts of $6.8 million and $6.3 million, respectively, and investments in fluctuating-value Federated Funds of $4.1 million and $1.6 million, respectively, that were included in Investments—Affiliates and Other on the Consolidated Balance Sheets.
Federated's investments held in Separate Accounts as of December 31, 2018 and 2017, were primarily composed of domestic debt securities ($3.5 million and $3.0 million, respectively) and stocks of large U.S. and international companies ($2.7 million and $2.6 million, respectively).
Federated consolidates certain Federated Funds into its Consolidated Financial Statements as a result of Federated's controlling financial interest in these Federated Funds (see Note (6)). All investments held by these consolidated Federated Funds were included in Investments—Consolidated Investment Companies on Federated's Consolidated Balance Sheets.
Federated's investments held by consolidated Federated Funds as of December 31, 2018 and 2017, were primarily composed of domestic and foreign debt securities ($20.9 million and $39.2 million, respectively) and stocks of small and medium-sized companies ($3.8 million at December 31, 2017).
The following table presents gains and losses recognized in (Loss) Gain on Securities, net on the Consolidated Statements of Income in connection with Federated's investments:
(in thousands)
 
2018

 
2017

 
2016

Investments—Consolidated Investment Companies
 
 
 
 
 
 
Unrealized (Losses) Gains
 
$
(3,142
)
 
$
771

 
$
4,232

Realized Gains1
 
1,596

 
3,318

 
2,358

Realized Losses1
 
(1,970
)
 
(1,073
)
 
(3,678
)
Net (Losses) Gains on Investments—Consolidated Investment Companies
 
(3,516
)
 
3,016

 
2,912

Investments—Affiliates and Other
 
 
 
 
 
 
Unrealized (Losses) Gains Recognized on Securities Still Held
 
(1,180
)
 
118

 
392

Net Realized Gains (Losses) Recognized on Securities Sold1
 
339

 
4,938

 
(1,196
)
Net (Losses) Gains on Investments—Affiliates and Other
 
(841
)
 
5,056

 
(804
)
(Loss) Gain on Securities, net
 
$
(4,357
)
 
$
8,072

 
$
2,108

1 
Realized gains and losses are computed on a specific-identification basis.