PITTSBURGH Federated Investors Inc. surpassed $100 billion of money market assets in early January, according to a company press release.
The milestone was 146% higher than its money fund asset total on Dec. 31, 1995.
Total assets at Federated, which manages mutual funds distributed through banks, grew 126% in the same period, to $140 billion.
Federated has 52 taxable and tax-free money funds. It is the nations largest institutional money market fund manager and one of the five largest managers of combined retail and institutional open-ended money funds.