NEW YORK, June 12, 2019 /PRNewswire/
-- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding
L.P. ("AB Holding") (NYSE: AB) today announced that preliminary
assets under management decreased to $560
billion during May 2019 from
$568 billion at the end of April. The
1.4% decline was due to market depreciation, partially offset by
net inflows into all three distribution channels - Institutions,
Retail and Private Wealth.
|
AllianceBernstein
L.P. (The Operating Partnership)
|
|
Assets Under
Management ($ in Billions)
|
|
|
At May 31,
2019
|
|
At Apr
30
|
|
|
|
2019
|
|
|
|
|
|
|
|
|
|
Private
|
|
|
|
|
|
Institutions
|
|
Retail
|
|
Wealth
|
|
Total
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
Equity
|
|
|
|
|
|
|
|
|
|
|
Actively
Managed
|
$
|
38
|
|
$
|
68
|
|
$
|
46
|
|
$
|
152
|
|
$
|
160
|
|
Passive
|
23
|
|
31
|
|
—
|
|
|
54
|
|
58
|
|
Total
Equity
|
61
|
|
99
|
|
46
|
|
206
|
|
218
|
|
|
|
|
|
|
|
|
|
|
|
Fixed
Income
|
|
|
|
|
|
|
|
|
|
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Taxable
|
151
|
|
72
|
|
12
|
|
235
|
|
232
|
|
Tax-Exempt
|
1
|
|
19
|
|
25
|
|
45
|
|
43
|
|
Passive
|
—
|
|
9
|
|
—
|
|
9
|
|
9
|
|
Total Fixed
Income
|
152
|
|
100
|
|
37
|
|
289
|
|
284
|
|
|
|
|
|
|
|
|
|
|
|
Other(1)
|
48
|
|
5
|
|
12
|
|
65
|
|
66
|
|
Total
|
$
|
261
|
|
$
|
204
|
|
$
|
95
|
|
$
|
560
|
|
$
|
568
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At April 30,
2019
|
|
|
|
|
|
|
|
|
|
|
|
|
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Total
|
$
|
262
|
|
$
|
209
|
|
$
|
97
|
|
$
|
568
|
|
|
|
|
(1) Includes certain
multi-asset services and solutions and certain alternative
investments.
|
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. AB cautions readers to
carefully consider such factors. Further, such forward-looking
statements speak only as of the date on which such statements are
made; AB 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 AB's Form 10-K for the year ended
December 31, 2018 or Form 10-Q for
the quarter ended March 31, 2019. Any
or all of the forward-looking statements made in this news release,
Form 10-K, Form 10-Q, other documents AB files with or furnishes to
the SEC and any other public statements issued by AB, 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 AB'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 wealth
clients in major world markets.
As of March 31, 2019, including
both the general partnership and limited partnership interests in
AllianceBernstein, AllianceBernstein Holding owned approximately
35.2% of AllianceBernstein and AXA Equitable Holdings, Inc.
("EQH"), directly and through various subsidiaries, owned an
approximate 65.6% economic interest in AllianceBernstein.
Additional information about AB may be found on our website,
www.alliancebernstein.com.
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SOURCE AllianceBernstein