Federated Investors' assets under management were $193.9 billion as of March 31, a 2% decline from $197.9 billion as of Dec. 31 and 1% less than $195.7 billion a year ago. However, through its mutual funds and separately managed accounts, Federated managed a record $55.9 billion in equity and fixed-income assets as of March 31, 22% higher than $45.8 billion a year earlier.
Federated also had expenses of $4.3 million in the first quarter related to various legal, regulatory and compliance matters. Of that, $2.8 million was for estimated costs of its internal review of past mutual fund trading practices.
The figures were included in Federated's first-quarter earnings, released today.