AllianceBernstein Announces May 31, 2009 Assets Under Management
June 09 2009 - 10:28AM
PR Newswire (US)
NEW YORK, June 9 /PRNewswire-FirstCall/ -- AllianceBernstein
Holding L.P. (NYSE:AB) and AllianceBernstein L.P. today reported
that during the month of May, preliminary assets under management
increased by approximately $24 billion, or 5.5%, to $458 billion at
May 31, 2009, as positive investment returns were partially offset
by net outflows predominantly in the Institutional Investments
channel. ALLIANCEBERNSTEIN L.P. (THE OPERATING PARTNERSHIP) ASSETS
UNDER MANAGEMENT ($ billions) At May 31, 2009 At Apr 30,
(preliminary) 2009 ------------------------------------ ---------
Institutional Private Investments Retail Client Total Total
------------- ------ ------ ------ --------- Equity Value $105 $37
$23 $165 $151 Growth 50 21 15 86 80 ------------- ------ ------
------ --------- Total Equity 155 58 38 251 231 -------------
------ ------ ------ --------- Fixed Income 117 32 29 178 175
Other(1) 14 15 - 29 28 ------------- ------ ------ ------ ---------
Total $286 $105 $67 $458 $434 ============= ====== ====== ======
========= ------------------------------------ At April 30, 2009
------------------------------------ Total $271 $98 $65 $434
============= ====== ====== ====== (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 March 31, 2009, AllianceBernstein Holding L.P. owned
approximately 34.3% of the issued and outstanding AllianceBernstein
Units and AXA, one of the largest global financial services
organizations, owned an approximate 64.3% economic interest in
AllianceBernstein. 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 L.P. Company News On-Call:
http://www.prnewswire.com/comp/148970.html
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