Federated Investors on Thursday reported assets under management of $376.1 billion as of Dec. 31, up 3% from Sept. 30 but down 1% from a year earlier.
Federated's equity assets were $44.1 billion as of Dec. 31, up 9% from three months earlier and up 26% from a year ago, according to the firm's fourth-quarter earnings statement.
Net inflows in equities in the fourth quarter totaled $809 million, compared to net outflows of $542 million in the third quarter and net outflows of $163 million in the year-earlier quarter.
Fixed-income assets were $50.1 billion as of Dec. 31, flat from the $50 billion as of Sept. 30, but down 5% from the year before.
Net outflows in fixed income for the quarter ended Dec. 31 were $73 million, compared with net outflows of $321 million for the quarter ended Sept. 30 and net inflows of $848 million in the year-earlier quarter.
Money market assets in both mutual funds and separate accounts totaled $276 billion as of Dec. 31, up 2% from Sept. 30, but down 3% from Dec. 31, 2012.
Liquidation portfolio assets were $5.9 billion as of Dec. 31, down 5% from three months earlier and down 19% from a year earlier.
Revenue for the fourth quarter was $214.7 million, up 1% from the previous quarter but down 12% from the same period a year earlier. Net income for the fourth quarter was $41.1 million, up 9% from the previous quarter, but down 17% from the fourth quarter of 2012.