AllianceBernstein Announces November 30, 2009 Assets Under Management
December 10 2009 - 8:59AM
PR Newswire (US)
NEW YORK, Dec. 10 /PRNewswire-FirstCall/ -- AllianceBernstein
Holding L.P. (NYSE:AB) and AllianceBernstein L.P. today reported
that during the month of November, preliminary assets under
management increased by approximately $9 billion, or 1.8%, to $496
billion at November 30, 2009, as positive investment performance
was partially offset by net outflows, primarily in the
Institutional Investments and Retail channels. ALLIANCEBERNSTEIN
L.P. (THE OPERATING PARTNERSHIP) ASSETS UNDER MANAGEMENT ($
billions) ------------------------------------------ ----------- At
November 30, 2009 At Oct. 31, (preliminary) 2009
------------------------------------------ -----------
Institutional Private Investments Retail Client Total Total
------------- ------ ------- ----- ----------- Equity Value $108
$37 $26 $171 $168 Growth 53 23 17 93 91 --- --- --- --- --- Total
Equity 161 60 43 264 259 --- --- --- --- --- Fixed Income 126 40 32
198 196 Other(1) 17 17 - 34 32 --- --- --- --- --- Total $304 $117
$75 $496 $487 ==== ==== === ==== ====
----------------------------------------- At October 31, 2009
----------------------------------------- Total $300 $115 $72 $487
==== ==== === ==== (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 L.P.
Web Site: http://www.alliancebernstein.com/
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