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

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

Rating:Money Market Fee Waivers Cost Federated $81.9M in 2011 Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, January 30, 2012

Money Market Fee Waivers Cost Federated $81.9M in 2011

Reported by Neil Anderson, Managing Editor

Federated Investors (FII) [profile] took an $81.9-million hit from its money market mutual funds last year, thanks to fee waivers up from $54.0 million in 2010. The Pittsburgh-based mutual fund firm included that data in its fourth quarter earnings report released last week [see earnings call transcript].

Federated's earnings fell last quarter, even as its assets under management climbed. The money fund specialists earned $0.36 per diluted share in Q4 2011, missing analysts' expectations of $0.38 and $0.39, and down twenty percent from $0.45 for Q4 2010. Meanwhile, Federated's assets under management climbed three percent last year to $369.7 billion on December 31, 2011. 

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use