NEW YORK, April 8, 2021 /PRNewswire/ -- Bernstein
Research, the leading global sell side research arm of
AllianceBernstein L.P. ("AB") (NYSE: AB), has officially rolled out
a first-of-its-kind "Alphalytics" tool to better quantify and
effectively measure the skillsets and value of the global asset
management industry.
Alphalytics, built upon proprietary Bernstein research, thought
leadership and expertise, creates a consistent benchmark that
measures portfolio manager success by identifying idiosyncratic
alpha, or alpha that is generated uniquely by a particular asset
manager. Through an interactive, web-based platform, Alphalytics
analyzes, compares and identifies idiosyncratic returns, long term
and tactical style tilts, and other attributes for thousands
of asset management products spanning various asset classes.
Asset owners can use the tool to identify products that best
suit their needs and construct fund portfolios that offer the
desired style exposures and the most diversified returns.
Additionally, asset managers can leverage Alphalytics to measure a
manager's skill and value as well as diagnose and fix problems.
Following a successful introduction in 2020 of the Alphalytics
Equity module, the Fixed Income module now provides both asset
owners and managers with expanded asset class coverage for
thousands of funds to further enhance internal research, manager
selection, and in the case of the asset manager - fund marketing
needs.
"We believe that providing both asset owners and managers with
easy-to-use tools to quickly address complex questions, such as
identifying manager skill, is a critical component to the
investment process," said Robert van
Brugge, CEO, Bernstein Research. "Since rolling out the tool
last year, we've seen steady client demand and believe that our
research and product roadmaps have set us up on the right path to
innovation as we continue to evolve the offering to better service
our users."
"Bernstein's research has shown that idiosyncratic alpha in
Fixed Income and Equities is persistent over time, and can predict
future excess returns," said Alla
Harmsworth, Head of Bernstein European Quant Strategy and
Head of Alphalytics. "Through the launch of our Fixed Income
module, we're adding validity to the platform and will continue to
innovate and expand into other asset classes such as Alternatives,
as well as adding new portfolio construction workflows, including
optimization."
To measure the progress of Alphalytics, Bernstein created an
advisory board of representatives from the world's leading
institutional asset owners and users. The advisory board members
use the platform to screen the active management industry for
products with the best record in generating consistent,
non-replicable value, in addition to monitoring the progress of
existing managers. This board meets regularly to share feedback and
ideas on the development of Alphalytics, as well as to address
industry and market trends and to navigate investment issues. In
addition to the manager analytics platform, Alphalytics offers
research on a wide range of topics in portfolio construction and
investment behavior as well as providing managers with support
in identifying their unique approach to generating alpha and
delivering optimal outcomes for investors.
For more information on Bernstein Alphalytics, contact
Alphalytics@bernstein.com
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 wealth
clients in major world markets. The firm has $688 billion in client assets under management,
as of February 28, 2021.
As of December 31, 2020, including
both the general partnership and limited partnership interests in
AllianceBernstein, AllianceBernstein Holding owned approximately
36.0% of AllianceBernstein and AXA Equitable Holdings, Inc.
("EQH"), directly and through various subsidiaries, owned an
approximate 64.8% economic interest in AllianceBernstein.
Additional information about AB may be found on our website,
www.alliancebernstein.com.
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SOURCE AllianceBernstein