Money fund giant Federated Investors reported first quarter 2008 earnings, saying money fund assets in funds and separate accounts hit a record $278 billion, up $91.5 billion, or 49%, from a year ago. "As investors sought havens from market volatility in the first quarter, Federated's asset flows were driven by a demand for our money market and fixed-income offerings," said J. Christopher Donahue, president and CEO. The company's conference call from Friday, April 25, is accessible under the "About Us" section of

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