NEW YORK, Jan. 11, 2012 /PRNewswire/ -- AllianceBernstein
L.P. and AllianceBernstein Holding L.P. (NYSE: AB) today announced
that preliminary assets under management decreased to $406 billion from $411
billion during December 2011.
The 1% decline was due to net outflows across the firm's three
distribution channels, with the largest share from Institutions,
partially offset by market appreciation.
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AllianceBernstein L.P. (The Operating
Partnership)
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Assets
Under Management ($ in billions)
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At
December 31, 2011
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At Nov
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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$
45
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$
18
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$
18
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$
81
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$
85
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Growth
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13
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18
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13
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44
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47
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Total
Equity
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58
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36
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31
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125
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132
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Fixed
Income
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131
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52
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35
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218
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216
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Other(1)
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35
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25
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3
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63
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63
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Total
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$
224
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$113
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$
69
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$406
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$
411
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At
November 30, 2011
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Total
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$
227
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$113
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$
71
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$411
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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 subsequent Forms 10-Q.
Any or all of the forward-looking statements made in this
news release, Form 10-K, Forms 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 December 31, 2011,
AllianceBernstein Holding L.P. owned approximately 37.9% of
the issued and outstanding AllianceBernstein Units and AXA, one of
the largest global financial services organizations, owned an
approximate 64.4% economic interest in AllianceBernstein.
Additional information about AllianceBernstein may be found on
our internet site, www.alliancebernstein.com.
SOURCE AllianceBernstein