Federated Investors reported assets under management of $179.3 billion...

Federated Investors reported assets under management of $179.3 billion as of Dec. 31, down $18.6 billion, or 9.3%, from the previous year. That decline reflected net outflows of $18.5 billion in money market assets and $3.6 billion in fixed-income strategies, and net inflows of $3.4 billion in equity assets. However, the boost in equity assets helped the firm's 2004 revenues climb 6.5% to $847.6 million, with net income rising 3.1% to $197.4 million, J. Christopher Donahue, president and CEO, said in a news release.