NEW YORK, July 12 /PRNewswire-FirstCall/ --
AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE:
AB) today announced that during the month of June, preliminary
assets under management decreased by approximately $8 billion, or 1.7%, to $458 billion at June 30,
2010, as modest net inflows in all three distribution
channels partially offset negative equity investment
performance.
AllianceBernstein L.P. (The
Operating Partnership)
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ASSETS UNDER
MANAGEMENT
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At June 30, 2010
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At May 31,
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Preliminary
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2010
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$ 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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$
87
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$ 30
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$
22
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$139
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$
147
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Growth
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39
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21
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15
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75
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78
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126
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51
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37
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214
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225
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Fixed Income
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119
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47
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33
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199
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194
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Other(1)
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26
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18
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1
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45
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47
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Total
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$
271
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$116
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$
71
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$458
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$
466
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At May 31, 2010
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Total
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$
275
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$119
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$
72
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$466
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(1) Includes index,
structured, asset allocation services and
other non-actively managed AUM.
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Second Quarter 2010 Earnings Conference Call
Information
As part of a continuing effort to employ best in class
communications practices, all forthcoming AllianceBernstein
quarterly earnings conference calls will be held from 8:30 a.m. to 9:30 a.m. eastern time, unless
otherwise announced. AllianceBernstein expects to announce Second
Quarter 2010 financial and operating results in a news release at
approximately 7:00 a.m. on
Monday, August 2, 2010.
Management will then review financial and operating results
during a conference call beginning at 8:30
a.m. (EDT). 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 scheduled
start time. The conference ID# is 87314365.
The presentation that will be reviewed during the conference
call will be available on AllianceBernstein's Investor Relations
website shortly after the release of Second Quarter 2010 financial
results on August 2, 2010.
A replay of the webcast will be made available beginning
approximately one hour after the conclusion of the conference call
on August 2, 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# 87314365.
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 current
and proposed government regulations, including changes in tax
regulations and rates and the manner in which the earnings of
publicly-traded partnerships are taxed. AllianceBernstein cautions
readers to carefully consider such factors. Further, such
forward-looking statements speak only as of the date on which such
statements are made; AllianceBernstein undertakes 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
AllianceBernstein's Form 10-K for the year ended December 31, 2009 and Form 10-Q for the quarter
ended March 31, 2010. Any or all of
the forward-looking statements made in this news release, Form
10-K, Form 10-Q, other documents AllianceBernstein files with or
furnishes to the SEC, and any other public statements issued by
AllianceBernstein, 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 AllianceBernstein's
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 June 30, 2010,
AllianceBernstein Holding L.P. owned approximately 36.7% of the
issued and outstanding AllianceBernstein Units and AXA, one of the
largest global financial services organizations, owned an
approximate 62.5% economic interest in AllianceBernstein.
SOURCE AllianceBernstein L.P.