NEW YORK, July 27, 2016 /PRNewswire/
-- AllianceBernstein L.P. ("AB"), a leading global investment
firm with $489.5 billion in assets
under management as of June 30th,
2016, issued the following statement:
"Having determined that an opportunity involving the Visium
Global Fund was not feasible, we will not proceed with the
transaction."
About AB
AB is a leading global investment management firm that offers
high-quality research and diversified investment services to
institutional investors, individuals and private wealth clients in
major world markets.
At June 30, 2016, AB Holding owned
approximately 35.9% of the issued and outstanding AB Units and AXA,
one of the largest global financial services organizations, owned
an approximate 63.8% economic interest in AB.
Additional information about AB may be found on our website,
www.abglobal.com.
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SOURCE AllianceBernstein L.P.