NEW YORK, Oct. 11, 2016 /PRNewswire/
-- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding
L.P. ("AB Holding") (NYSE: AB) today announced that preliminary
assets under management decreased to $490
billion during September 2016
from $496 billion at the end of
August. The 1.2% decrease was the result of negative net flows from
all three client channels, partly offset by market appreciation and
newly acquired assets. The most significant driver of net flows was
the remaining $6 billion in
previously announced AIG outflows from our Institutions channel,
the result of AIG's decision to significantly reduce its hedge fund
exposure and manage its remaining alternative assets in-house. We
also completed our acquisition of Ramius Alternative Solutions, LLC
(RASL) during the month, which added $2.5
billion in Institutional assets.
|
AB (The Operating
Partnership)
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Assets Under
Management ($ in Billions)
|
|
|
At September 30,
2016
|
|
At Aug
31
|
|
|
|
2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Private
|
|
|
|
|
|
Institutions
|
|
Retail
|
|
Wealth
|
|
Total
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
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Equity
|
|
|
|
|
|
|
|
|
|
|
Actively
Managed
|
$
|
27
|
|
|
$
|
44
|
|
|
$
|
40
|
|
|
$
|
111
|
|
|
$
|
111
|
|
|
Passive
|
21
|
|
|
28
|
|
|
—
|
|
|
|
49
|
|
|
49
|
|
|
Total
Equity
|
48
|
|
|
72
|
|
|
40
|
|
|
160
|
|
|
160
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed
Income
|
|
|
|
|
|
|
|
|
|
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Taxable
|
158
|
|
|
61
|
|
|
11
|
|
|
230
|
|
|
232
|
|
|
Tax-Exempt
|
2
|
|
|
14
|
|
|
22
|
|
|
38
|
|
|
38
|
|
|
Passive
|
1
|
|
|
10
|
|
|
—
|
|
|
|
11
|
|
|
11
|
|
|
Total Fixed
Income
|
161
|
|
|
85
|
|
|
33
|
|
|
279
|
|
|
281
|
|
|
|
|
|
|
|
|
|
|
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Other(1)
|
38
|
|
|
5
|
|
|
8
|
|
|
51
|
|
|
55
|
|
|
Total
|
$
|
247
|
|
|
$
|
162
|
|
|
$
|
81
|
|
|
$
|
490
|
|
|
$
|
496
|
|
|
|
|
|
|
|
|
|
|
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|
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|
|
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|
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|
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At August 31,
2016
|
|
|
|
|
|
|
|
|
|
|
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Total
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$
|
253
|
|
|
$
|
162
|
|
|
$
|
81
|
|
|
$
|
496
|
|
|
|
|
|
|
|
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(1) Includes certain
multi-asset services and solutions and certain alternative
investments.
|
Cautions Regarding Forward-Looking Statements
Certain statements provided by management in this news release
are "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to risks, uncertainties and other factors
that could cause actual results to differ materially from future
results expressed or implied by such forward-looking
statements. The most significant of these factors include,
but are not limited to, the following: the performance of financial
markets, the investment performance of sponsored investment
products and separately-managed accounts, general economic
conditions, industry trends, future acquisitions, competitive
conditions, and current and proposed government regulations,
including changes in tax regulations and rates and the manner in
which the earnings of publicly-traded partnerships are taxed. AB
cautions readers to carefully consider such factors. Further,
such forward-looking statements speak only as of the date on which
such statements are made; AB undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after
the date of such statements. For further information
regarding these forward-looking statements and the factors that
could cause actual results to differ, see "Risk Factors" and
"Cautions Regarding Forward-Looking Statements" in AB's Form 10-K
for the year ended December 31, 2015
and subsequent Forms 10-Q. Any or all of the forward-looking
statements made in this news release, Form 10-K, Forms 10-Q, other
documents AB files with or furnishes to the SEC and any other
public statements issued by AB, may turn out to be wrong. It
is important to remember that other factors besides those listed in
"Risk Factors" and "Cautions Regarding Forward-Looking Statements",
and those listed above, could also adversely affect AB's financial
condition, results of operations and business prospects.
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 September 30, 2016, AB Holding
owned approximately 35.5% of the issued and outstanding AB
Units and AXA, a worldwide leader in financial protection, owned an
approximate 64.2% economic interest in AB.
Additional information about AB may be found on our website,
www.abglobal.com.
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SOURCE AB