NEW YORK, March 12, 2012 /PRNewswire/ -- AllianceBernstein
L.P. and AllianceBernstein Holding L.P. (NYSE: AB) today announced
that preliminary assets under management increased to $424 billion from $421
billion during February 2012.
The 1% increase was due to market appreciation and modest net
inflows in Retail, partially offset by net outflows in Institutions
and Private Client. More than half of the outflows in Institutions
resulted from the previously announced dissolution of an AXA joint
venture in Australia.
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AllianceBernstein L.P. (The Operating
Partnership)
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Assets
Under Management ($ in billions)
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At
February 29, 2012
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At Jan
31
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(preliminary)
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2012
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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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$
46
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$
19
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$
19
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$
84
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$
84
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Growth
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12
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20
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15
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47
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46
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Total
Equity
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58
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39
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34
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131
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130
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Fixed
Income
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134
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56
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35
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225
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225
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Other(1)
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37
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27
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4
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68
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66
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Total
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$
229
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$
122
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$
73
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$
424
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$
421
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At
January 31, 2012
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Total
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$
231
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$
118
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$
72
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$
421
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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, 2011. 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 L.P.