Federated Investors Announced 2nd Quarter Earnings Last Night and hosts its conference call at 9am this morning. The company release says, "Money market assets in both funds and separate accounts were $​271.​1 billion at June 30, 2008, up $​77.​7 billion or 40 percent from $​193.​4 billion at June 30, 2007 and down $​6.​4 billion or 2 percent from $​277.​5 billion at March 31, 2008." The company "derived 58% of its revenue from money market assets" and took a $​1.​8 million expense for the "cost of modifying certain money market fund prospectuses in order to broaden the scope of allowable investments."

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