AllianceBernstein Announces December 31, 2009 Assets Under Management
January 13 2010 - 9:07AM
PR Newswire (US)
Fourth Quarter 2009 Earnings Conference Call to be Held on February
11, 2010 at 5:00 P.M. (EST) NEW YORK, Jan. 13
/PRNewswire-FirstCall/ -- AllianceBernstein Holding L.P. (NYSE:AB)
and AllianceBernstein L.P. today reported that during the month of
December, preliminary assets under management were unchanged at
$496 billion as positive investment performance was offset by
modest net outflows, primarily in the Institutions channel.
AllianceBernstein L.P. (The Operating Partnership) ASSETS UNDER
MANAGEMENT At December 31, 2009 At Nov. 30, Preliminary 2009
---------------------------------------------- ----------- Private
$ billions Institutions Retail Client Total Total ----------
------------- ------ ------- ----- ----- Equity Value $108 $37 $26
$171 $171 Growth 53 24 17 94 93 ---- ---- ---- ---- ---- 161 61 43
265 264 Fixed Income 122 40 32 194 198 Other(1) 17 20 - 37 34 ----
---- ---- ---- ---- Total $300 $121 $75 $496 $496 ==== ==== ====
==== ==== At November 30, 2009
------------------------------------------ Total $304 $117 $75 $496
==== ==== ==== ==== (1) Includes Index, Structured and Asset
Allocation services. Fourth Quarter 2009 Earnings Conference Call
Information AllianceBernstein's management will review fourth
quarter 2009 financial and operating results on Thursday, February
11, 2010 during a conference call beginning at 5:00 p.m. (EST),
following the release of its financial results after the close of
the New York Stock Exchange. The conference call will be hosted by
Peter S. Kraus, Chairman and Chief Executive Officer, David A.
Steyn, Chief Operating Officer and Robert H. Joseph, Jr., Chief
Financial Officer. Parties may access the conference call by either
webcast or telephone: 1. To listen by webcast, please visit
AllianceBernstein's Investor Relations website at
http://ir.alliancebernstein.com/investorrelations at least 15
minutes prior to the call to download and install any necessary
audio software. 2. To listen by telephone, please dial (866)
556-2265 in the U.S. or (973) 935-8521 outside the U.S., 10 minutes
before the 5:00 p.m. (EST) scheduled start time. The conference ID#
is 50182270. The presentation that will be reviewed during the
conference call will be available on AllianceBernstein's Investor
Relations website shortly after the release of Fourth quarter 2009
financial results on February 11, 2010. A replay of the webcast
will be made available beginning at approximately 7:00 p.m. (EST)
on February 11, 2010 and will be available on AllianceBernstein's
website for one week. An audio replay of the conference call will
also be available for one week. To access the audio replay, please
call (800) 642-1687 from the U.S., or outside the U.S. call (706)
645-9291, and provide conference ID#. 50182270. 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. 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 December 31, 2009,
AllianceBernstein Holding L.P. owned approximately 36.9% of the
issued and outstanding AllianceBernstein Units and AXA, one of the
largest global financial services organizations, owned an
approximate 62.1% economic interest in AllianceBernstein.
DATASOURCE: AllianceBernstein L.P. CONTACT: Philip Talamo, Investor
Relations, +1-212-969-2383, , or John Meyers, Media,
+1-212-969-2301, Web Site:
http://ir.alliancebernstein.com/investorrelations
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