AllianceBernstein Announces February 28, 2010 Assets Under Management
March 09 2010 - 2:33PM
PR Newswire (US)
NEW YORK, March 9 /PRNewswire-FirstCall/ -- AllianceBernstein
Holding L.P. and AllianceBernstein L.P. today reported that during
the month of February, preliminary assets under management
increased by approximately $4 billion, or 0.8%, to $484 billion at
February 28, 2010 due to positive investment performance; net flows
were neutral as net inflows in the Retail channel mostly offset net
outflows in the Institutions channel. AllianceBernstein L.P. (The
Operating Partnership) ASSETS UNDER MANAGEMENT At February 28, 2010
At Jan. 31, Preliminary 2010
---------------------------------------------- -----------
$billions Institutions Retail Private Client Total Total
-----------------------------------------------------------
----------- Equity Value $100 $35 $25 $160 $161 Growth 47 23 17 87
86 ------------ ------ -------------- ----- ----------- 147 58 42
247 247 Fixed Income 115 43 32 190 187 Other(1) 28 19 - 47 46
------------ ------ -------------- ----- ----------- Total $290
$120 $74 $484 $480 ============ ====== ============== =====
=========== At January 31, 2010
---------------------------------------------- Total $290 $117 $73
$480 ============ ====== ============== ===== (1) Includes index,
structured, asset allocation services and other non- actively
managed AUM. 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, 2009. 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 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 high
quality, in-depth research, portfolio strategy and
brokerage-related services to institutional investors, and equity
capital markets services to issuers of publicly-traded securities.
At December 31, 2009, AllianceBernstein Holding L.P. owned
approximately 36.5% 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,ir@alliancebernstein.com, or John Meyers, Media,
+1-212-969-2301,john.meyers@alliancebernstein.com
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