AllianceBernstein Announces February 28, 2009 Assets Under Management
March 10 2009 - 12:11PM
PR Newswire (US)
NEW YORK, March 10 /PRNewswire-FirstCall/ -- AllianceBernstein
Holding L.P. (NYSE:AB) and AllianceBernstein L.P. today reported
that during the month of February, preliminary assets under
management decreased by approximately $35 billion, or 8.2%, to $394
billion at February 28, 2009, due primarily to negative investment
returns as well as net outflows in all distribution channels,
principally in the Institutional Investments channel.
ALLIANCEBERNSTEIN L.P. (THE OPERATING PARTNERSHIP) ASSETS UNDER
MANAGEMENT ($ billions) -----------------------------------------
---------- At February 28, 2009 At Jan 31, (preliminary) 2009
------------------------------------------ ---------- Institutional
Private Investments Retail Client Total Total ----------- ------
------ ----- ---------- Equity Value $81 $31 $19 $131 $152 Growth
43 17 12 72 81 ----------- ------ ------ ----- ---------- Total
Equity 124 48 31 203 233 ----------- ------ ------ ----- ----------
Fixed Income 113 28 30 171 174 Other(1) 11 9 - 20 22 -----------
------ ------ ----- ---------- Total $248 $85 $61 $394 $429
=========== ====== ====== ===== ==========
------------------------------------------ At January 31, 2009
------------------------------------------ Total $271 $93 $65 $429
=========== ====== ====== ===== (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 34.3% of the issued and outstanding
AllianceBernstein Units. AXA Financial was the beneficial owner of
approximately 65.1% of the AllianceBernstein Units at December 31,
2008 (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 65.4%
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 Item 1A and "Cautions
Regarding Forward-Looking Statements" in Item 7 of our Form 10-K
for the year ended December 31, 2008. Any or all of the
forward-looking statements that we make in this news release, Form
10-K, 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 "Cautions Regarding Forward-Looking Statements",
and those listed above, could also adversely affect our revenues,
financial condition, results of operations and business prospects.
DATASOURCE: AllianceBernstein L.P. CONTACT: Philip Talamo, Investor
Relations, +1-212-969-2383, , or John Meyers, Media,
+1-212-969-2301, , both of AllianceBernstein Company News On-Call:
http://www.prnewswire.com/comp/148970.html
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