Federated Investors on Thursday reported assets under management of $358.2 billion as of Dec. 31, up 5% from the prior quarter but down 8% from the year before. The company issued its statement after the market closed.
Money market assets of $276 billion as of Dec. 31 were up 6% from the prior quarter but down 12% from the year before.
Federated's fixed-income assets totaled $40.7 billion, up 1.2% from the prior quarter and 20% higher than the year before. Equity assets came to $30.8 billion, up 6% from the prior quarter and 4% above the previous year.
Net income came to $46.4 million for the quarter, up 8% from the prior quarter but down 11% from the year before.
Revenue came to $256.3 million, up 1% from the prior quarter but down 7% from Dec. 31, 2009.
