Federated Investors reported $351 billion in assets under management as of Sept. 30, flat from both three months and 12 months earlier, its third-quarter earnings release said Thursday.
Federated's equity assets were $52 billion as of Sept. 30, down 5% from three months earlier but up 3.2% from a year ago.
Equity net inflows totaled $527 million in the third quarter, while market losses totaled $3.25 billion. The previous quarter saw net inflows of $831 million and market losses of $85 million.
The money manager's fixed-income assets totaled $52.1 billion as of Sept. 30, down 1.6% from June 30 but up 1.7% from Sept. 30, 2014.
Fixed-income net outflows totaled $594 million for the quarter and market losses totaled $329 million, compared to net outflows of $276 million and market losses of $360 million for the second quarter.
Money market assets, meanwhile, reached $246.9 billion at the end of the third quarter, up 2% from the end of the second quarter but flat from the end of the third quarter of 2014.
For the quarter, total revenue was $234.3 million, up 3% from the previous quarter and up 8% from the third quarter of 2014. Net income for the second quarter, meanwhile, was $44.1 million, up 6% from the previous quarter and up 17% from the year-earlier quarter.
