AllianceBernstein Announces October 31, 2009 Assets Under Management
November 10 2009 - 4:06PM
PR Newswire (US)
NEW YORK, Nov. 10 /PRNewswire-FirstCall/ -- AllianceBernstein
Holding L.P. (NYSE:AB) and AllianceBernstein L.P. today reported
that during the month of October, preliminary assets under
management decreased by approximately $11 billion, or 2.2%, to $487
billion at October 31, 2009, due to negative investment performance
in equity services as well as modest net outflows, primarily in the
Institutional Investments channel. ALLIANCEBERNSTEIN L.P. (THE
OPERATING PARTNERSHIP) ASSETS UNDER MANAGEMENT ($ billions) At
October 31, 2009 At Sept. 30, (preliminary) 2009
---------------------------------- ----- Institutional Private
Investments Retail Client Total Total ------------ ------ ------
----- ----- Equity Value $107 $36 $25 $168 $176 Growth 53 22 16 91
93 ----------- ------ ------ ----- ----- Total Equity 160 58 41 259
269 ----------- ------ ------ ----- ----- Fixed Income 125 40 31
196 196 Other(1) 15 17 - 32 33 ----------- ------ ------ -----
----- Total $300 $115 $72 $487 $498 =========== ====== ====== =====
===== At September 30, 2009 --------------------------------- Total
$308 $116 $74 $498 =========== ====== ====== ===== (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 September 30, 2009,
AllianceBernstein Holding L.P. owned approximately 34.9% of the
issued and outstanding AllianceBernstein Units and AXA, one of the
largest global financial services organizations, owned an
approximate 64.1% 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" and "Cautions
Regarding Forward-Looking Statements" in our Form 10-K for the year
ended December 31, 2008 and Form 10-Q for the quarter ended
September 30, 2009. 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 "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
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