NASHVILLE, Tenn., June 11,
2024 /PRNewswire/ -- AllianceBernstein L.P. ("AB")
and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today
announced that preliminary assets under management increased to
$757 billion during May 2024 from $736
billion at the end of April. The 3% increase was driven by
market appreciation and firmwide net inflows. By channel, net
inflows in Retail and Institutions were partially offset by slight
net outflows in Private Wealth.
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AllianceBernstein
L.P. (The Operating Partnership)
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Assets Under
Management ($ in Billions)
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At May 31,
2024
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Apr
30,
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2024
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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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57
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$
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150
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$
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53
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$
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260
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$
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251
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Passive
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23
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36
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5
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64
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61
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Total
Equity
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80
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186
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58
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324
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312
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Fixed
Income
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Taxable
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127
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69
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18
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214
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209
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Tax-Exempt
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1
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36
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28
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65
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64
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Passive
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—
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11
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—
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11
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11
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Total Fixed
Income
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128
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116
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46
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290
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284
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Alternatives/Multi-Asset
Solutions(1)
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112
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7
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24
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143
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140
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Total
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$
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320
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$
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309
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128
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757
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736
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At April 30,
2024
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Total
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$
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313
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$
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298
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$
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125
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$
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736
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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, 2023 or form
10-Q for the quarter ended March 31,
2024. 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 diversified investment services to institutional
investors, individuals and private wealth clients in major world
markets.
As of March 31, 2024, including
both the general partnership and limited partnership interests in
AllianceBernstein, AllianceBernstein Holding owned approximately
39.7% of AllianceBernstein and Equitable Holdings, Inc. ("EQH"),
directly and through various subsidiaries, owned an approximate
61.0% economic interest in AllianceBernstein.
Additional information about AB may be found on our website,
www.alliancebernstein.com.
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SOURCE AllianceBernstein