The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Alliance Acquisition Boost Federated's AUM Not Rated 2.3 Email Routing List Email & Route  Print Print
Friday, July 29, 2005

Alliance Acquisition Boost Federated's AUM

by: Theresa Sim

Analysts were off by one penny in their estimates of Federated Investors' second quarter earnings. The Pittsburgh, Pennsylvania-based company reported net income of $37.8 billion, or $0.35 per diluted share. Analysts had expected the fund firm to report $0.45 per share, excluding $6.6 million, or $0.09 per share charge related to legal and regulatory issues.

Quarter-end assets under management were $204.7 billion, up 14 percent from $179.0 billion at the end of the first quarter.

The company attributed the boost in AUM to "significant organic growth of Federated's money market assets across distribution channels and the conversion of managed assets totaling $0.8 billion in Q1 2005 and $18.5 billion in Q2 2005 related to Federated's acquisition of Alliance Capital Management L.P.'s cash management assets."

By asset class, both equity and fixed income funds experienced net redemptions. Equity and fixed income assets totaled $45.8 billion, or 22 percent of total assets.

By channel, mutual fund assets totaled $182.7 billion and separate account assets totaled $22.0 billion. Fund assets increased 17.3 percent quarter-over-quarter, fueled by a $26.9 billion or 24.5 percent increase in money market funds.

Investment advisory fees totaled $138.9 million, up three percent from $134.9 million the quarter before.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use