AllianceBernstein Announces January 31, 2009 Assets Under Management
February 10 2009 - 10:53AM
PR Newswire (US)
NEW YORK, Feb. 10 /PRNewswire-FirstCall/ -- AllianceBernstein
Holding L.P. (NYSE:AB) and AllianceBernstein L.P. today reported
that during the month of January, preliminary assets under
management decreased by approximately $33 billion, or 7.1%, to $429
billion at January 31, 2009, due primarily to negative investment
returns as well as net outflows in all distribution channels.
ALLIANCEBERNSTEIN L.P. (THE OPERATING PARTNERSHIP) ASSETS UNDER
MANAGEMENT ($ billions) At January 31, 2009 At Dec 31,
(preliminary) 2008 ---------------------------------- ----------
Institutional Private Investments Retail Client Total Total
----------- ------ ------ ----- ----- Equity Value $95 $35 $22 $152
$173 Growth 49 19 13 81 88 ----- ----- ----- ----- ----- Total
Equity 144 54 35 233 261 ----- ----- ----- ----- ----- Fixed Income
115 29 30 174 177 Other(1) 12 10 - 22 24 ----- ----- ----- -----
----- Total $271 $93 $65 $429 $462 ===== ===== ===== ===== ===== At
December 31, 2008 -------------------- Total $291 $102 $69 $462
===== ===== ===== ===== (1) Includes Index, Structured and Asset
Allocation services. About AllianceBernstein AllianceBernstein is a
leading global investment management firm that offers high-quality
research and diversified investment services to institutional
clients, individuals and private clients in major markets around
the world. AllianceBernstein employs more than 500 investment
professionals with expertise in growth equities, value equities,
fixed income securities, blend strategies and alternative
investments and, through its subsidiaries and joint ventures,
operates in more than 20 countries. AllianceBernstein's research
disciplines include fundamental research, quantitative research,
economic research and currency forecasting capabilities. Through
its integrated global platform, AllianceBernstein is
well-positioned to tailor investment solutions for its clients.
AllianceBernstein also offers independent research, portfolio
strategy and brokerage-related services to institutional investors.
At February 2, 2009, AllianceBernstein Holding L.P. ("Holding")
owned approximately 34.6% of the issued and outstanding
AllianceBernstein Units. AXA Financial was the beneficial owner of
approximately 64.7% of the AllianceBernstein Units at February 2,
2009 (including those held indirectly through its ownership of
approximately 1.6% of the issued and outstanding Holding Units)
which, including the general partnership interests in
AllianceBernstein and Holding, represent an approximate 65.1%
economic interest in AllianceBernstein. AXA Financial is a
wholly-owned subsidiary of AXA, one of the largest global financial
services organizations. 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 government regulations, including changes in tax
regulations and rates and the manner in which the earnings of
publicly traded partnerships are taxed. We caution readers to
carefully consider such factors. Further, such forward-looking
statements speak only as of the date on which such statements are
made; we undertake 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" in Part I, Item 1A of our
2007 Form 10-K and Part II, Item 1A of our Form 10-Q for the
quarter ended September 30, 2008. Any or all of the forward-looking
statements that we make in this news release, Form 10-K, Form 10-Q,
other documents we file with or furnish to the SEC, and any other
public statements we issue, may turn out to be wrong. It is
important to remember that other factors besides those listed in
"Risk Factors" and those listed above could also adversely affect
our revenues, financial condition, results of operations, and
business prospects. DATASOURCE: AllianceBernstein L.P. CONTACT:
Investor Relations, Philip Talamo, +1-212-969-2383, , or Media,
John Meyers, +1-212-969-2301,
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