NEW YORK, Feb. 11, 2021 /PRNewswire/
-- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding
L.P. ("AB Holding") (NYSE: AB) today announced that preliminary
assets under management decreased to $683
billion during January 2021
from $686 billion at the end of
December 2020. Firmwide net inflows
were more than offset by market depreciation, resulting in a 0.4%
decline. By channel, net inflows to Retail and Private Wealth were
partially offset by net outflows from Institutions. There were no
outflows resulting from AXA S.A's ongoing redemption of certain
low-fee fixed income mandates, of which approximately $2 billion remains outstanding and is expected in
the first half of 2021.
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AllianceBernstein
L.P. (The Operating Partnership)
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Assets Under
Management ($ in Billions)
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At January 31,
2021
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At Dec
31
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2020
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Private
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Institutions
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Retail
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Wealth
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Total
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Total
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Equity
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Actively
Managed
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$
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61
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$
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108
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$
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50
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$
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219
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$
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218
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Passive
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27
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35
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1
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63
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64
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Total
Equity
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88
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143
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51
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282
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282
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Fixed
Income
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Taxable
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161
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84
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14
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259
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264
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Tax-Exempt
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1
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24
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27
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52
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50
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Passive
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—
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8
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—
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8
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8
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Total Fixed
Income
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162
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116
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41
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319
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322
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Alternatives/Multi-Asset
Solutions(1)
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62
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7
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13
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82
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82
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Total
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$
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312
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$
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266
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$
|
105
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$
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683
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$
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686
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At December 31,
2020
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Total
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$
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316
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$
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265
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$
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105
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$
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686
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(1) Includes certain multi-asset
solutions and services not included in equity or fixed income
services.
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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, integration of acquired companies,
competitive conditions, and 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, 2020. Any or
all of the forward-looking statements made in this news release,
Form 10-K, 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 December 31, 2020, including
both the general partnership and limited partnership interests in
AllianceBernstein, AllianceBernstein Holding owned approximately
36.0% of AllianceBernstein and 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