NEW YORK, May 12, 2015 /PRNewswire/ -- AllianceBernstein
L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding")
(NYSE: AB) today announced that preliminary assets under management
increased to $499 billion during
April 2015 from $486 billion at the end of March. The 2.7%
increase was the result of total firmwide net inflows and market
appreciation, including the positive impact of FX movements. By
channel, net flows were positive in Institutions and negative in
Retail and Private Wealth. The previously disclosed $10 billion Customized Retirement Strategies
(CRS) mandate funded in April.
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AB (The Operating
Partnership)
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Assets Under
Management ($ in Billions)
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At April 30,
2015
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At Mar
31
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2015
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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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$30
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$47
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$40
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$117
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$115
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Passive
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23
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28
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0
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51
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51
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Total
Equity
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53
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75
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40
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168
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166
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Fixed
Income
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Taxable
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154
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62
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10
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226
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225
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Tax-Exempt
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2
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11
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20
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33
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33
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Passive
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0
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9
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1
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10
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10
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Total Fixed
Income
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156
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82
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31
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269
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268
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Other(1)
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47
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8
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7
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62
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52
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Total
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$256
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$165
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$78
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$499
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$486
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At March 31,
2015
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Total
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$244
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$164
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$78
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$486
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(1) Includes
multi-asset services and solutions and certain 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. 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, 2014
and Form 10-Q for the quarter ended March
31, 2015. Any or all of the forward-looking statements made
in this news release, Form 10-K, Forms 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 AB
AB 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.
At March 31, 2015, AB Holding
owned approximately 36.8% of the issued and outstanding AB
Units and AXA, one of the largest global financial services
organizations, owned an approximate 62.7% economic interest in
AB.
Additional information about AB may be found on our website,
www.abglobal.com.
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visit:http://www.prnewswire.com/news-releases/ab-announces-april-30-2015-assets-under-management-300082168.html
SOURCE AB