NEW YORK, Aug. 10, 2011 /PRNewswire/ -- AllianceBernstein
L.P. and AllianceBernstein Holding L.P. (NYSE: AB) today announced
that preliminary assets under management decreased to $456 billion from $461
billion during July 2011. The
1.1% decline was due to negative investment returns, as well as net
asset outflows across the firm's three distribution channels.
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AllianceBernstein L.P. (The
Operating Partnership)
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Assets Under Management ($ in
billions)
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At July 31,
2011
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At June
30
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(preliminary)
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2011
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Private
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Institutions
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Retail
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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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$
67
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$
26
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$
22
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$
115
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$
121
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Growth
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21
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22
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17
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60
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63
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Total Equity
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88
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48
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39
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175
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184
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Fixed Income
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131
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55
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34
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220
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216
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Other(1)
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33
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25
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3
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61
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61
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Total
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$
252
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$
128
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$
76
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$
456
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$
461
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At June 30,
2011
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Total
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$
255
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$
129
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$
77
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$
461
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(1) Includes Index,
Structured, Asset Allocation services, and certain other
alternative investments
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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, 2010 and Form 10-Q for the quarter
ended March 31, 2011. 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 investors, individuals and private
clients in major world markets.
At June 30, 2011,
AllianceBernstein Holding L.P. owned approximately 37.8% of
the issued and outstanding AllianceBernstein Units and AXA, one of
the largest global financial services organizations, owned an
approximate 62.4% economic interest in AllianceBernstein.
Additional information about AllianceBernstein may be found on
our internet site, www.alliancebernstein.com.
SOURCE AllianceBernstein