NEW YORK, April 13 /PRNewswire-FirstCall/ --
AllianceBernstein Holding L.P. (NYSE: AB) and AllianceBernstein
L.P. today reported that during the month of March, preliminary
assets under management increased by approximately $17 billion, or 3.5%, to $501 billion at March 31,
2010. Positive investment performance was slightly
offset by modest net outflows, as net inflows in the Retail channel
partially offset net outflows in the Institutions channel.
AllianceBernstein L.P. (The Operating
Partnership)
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ASSETS UNDER MANAGEMENT
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At March 31,
2010
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At Feb. 28,
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Preliminary
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2010
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$ billions
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Institutions
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Retail
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Private
Client
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Total
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Total
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Equity
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Value
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$
106
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$
37
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$
26
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$
169
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$
160
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Growth
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48
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25
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18
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91
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87
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154
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62
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44
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260
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247
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Fixed Income
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115
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45
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32
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192
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190
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Other(1)
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28
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21
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-
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49
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47
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Total
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$
297
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$
128
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$
76
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$
501
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$
484
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At February 28,
2010
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Total
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$
290
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$
120
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$
74
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$
484
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(1) Includes index,
structured, asset allocation services
and other non-actively managed AUM.
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First Quarter 2010 Earnings Conference Call
Information
AllianceBernstein's management will review First Quarter 2010
financial and operating results on Monday,
May 3, 2010 during a conference call beginning at
5:00 p.m. (EDT), 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 John B.
Howard, Chief Financial Officer.
Parties may access the conference call by either webcast or
telephone:
- 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.
- 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. (EDT) scheduled start time.
The conference ID# is 67440215.
The presentation that will be reviewed during the conference
call will be available on AllianceBernstein's Investor Relations
website shortly after the release of First Quarter 2010 financial
results on May 3, 2010.
A replay of the webcast will be made available beginning at
approximately 7:00 p.m. (EDT) on
May 3, 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#
67440215.
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 below,
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 March 31, 2010,
AllianceBernstein Holding L.P. owned approximately 36.6% of the
issued and outstanding AllianceBernstein Units and AXA, one of the
largest global financial services organizations, owned an
approximate 62.3% economic interest in AllianceBernstein.
SOURCE AllianceBernstein L.P.