Money fund giant Federated Investors reported first quarter 2008 earnings, saying money fund assets in funds and separate accounts hit a record $​278 billion, up $​91.​5 billion, or 49%, from a year ago. "As investors sought havens from market volatility in the first quarter, Federated'​s asset flows were driven by a demand for our money market and fixed-​income offerings," said J. Christopher Donahue, president and CEO. The company'​s conference call from Friday, April 25, is accessible under the "​About Us" section of http://​www.​federatedinvestors.​com.

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