Federated Investors released their 3rd quarter earnings last night and hosts their quarterly conference call Friday morning. (Look for excerpts from the call on Monday.) The earnings release says, "Money market assets in both funds and separate accounts were $270.3 billion at Sept. 30, 2013, up $0.7 billion or less than one percent from $269.6 billion at Sept. 30, 2012 and up $1.8 billion or 1 percent from $268.5 billion at June 30, 2013. Money market mutual fund assets were $237.9 billion at Sept. 30, 2013, down $6.9 billion or 3 percent from $244.8 billion at Sept. 30, 2012 and up $5.0 billion or 2 percent from $232.9 billion at June 30, 2013.... Revenue decreased by $26.6 million or 11 percent due primarily to an increase in voluntary fee waivers related to certain money market funds in order for those funds to maintain positive or zero net yields.... During Q3 2013, Federated derived 62 percent of its revenue from equity and fixed-income assets (39 percent from equity assets and 23 percent from fixed-income assets), 36 percent from money market assets and 2 percent from other products and services."

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