NEW YORK, Jan. 14, 2015 /PRNewswire/
-- AllianceBernstein L.P. and AllianceBernstein Holding L.P.
(NYSE: AB) today announced that preliminary assets under management
decreased to $474 billion during
December 2014 from $481 billion at the end of November. The 1.5%
decrease was due to market depreciation and net outflows during the
month across all three distribution channels.
AllianceBernstein
L.P. (The Operating Partnership)
|
Assets Under
Management ($ in Billions)
|
|
|
At December 31,
2014
|
|
At Nov
30
|
|
|
|
2014
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Private
|
|
|
|
|
|
Institutions
|
|
Retail
|
|
Client
|
|
Total
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
Equity
|
|
|
|
|
|
|
|
|
|
Actively Managed
|
$29
|
|
$45
|
|
$38
|
|
$112
|
|
$114
|
Passive
|
22
|
|
28
|
|
1
|
|
51
|
|
52
|
Total
Equity
|
51
|
|
73
|
|
39
|
|
163
|
|
166
|
|
|
|
|
|
|
|
|
|
|
Fixed
Income
|
|
|
|
|
|
|
|
|
|
Taxable
|
148
|
|
61
|
|
10
|
|
219
|
|
223
|
Tax-Exempt
|
2
|
|
10
|
|
20
|
|
32
|
|
32
|
Passive
|
0
|
|
10
|
|
0
|
|
10
|
|
10
|
Total Fixed
Income
|
150
|
|
81
|
|
30
|
|
261
|
|
265
|
|
|
|
|
|
|
|
|
|
|
Other(1)
|
36
|
|
7
|
|
7
|
|
50
|
|
50
|
Total
|
$237
|
|
$161
|
|
$76
|
|
$474
|
|
$481
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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At November 30, 2014
|
|
|
|
|
|
|
|
|
|
|
|
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Total
|
$241
|
|
$164
|
|
$76
|
|
$481
|
|
|
|
|
|
|
|
|
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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.
AllianceBernstein cautions readers to carefully consider such
factors. Further, such forward-looking statements speak only
as of the date on which such statements are made; AllianceBernstein
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 AllianceBernstein's Form 10-K for
the year ended December 31, 2013 and
subsequent Forms 10-Q. Any or all of the forward-looking statements
made in this news release, Form 10-K, Forms 10-Q, other documents
AllianceBernstein files with or furnishes to the SEC and any other
public statements issued by AllianceBernstein, 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 AllianceBernstein'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
clients in major world markets.
At December 31, 2014,
AllianceBernstein Holding L.P. owned approximately 36.9% of
the issued and outstanding AllianceBernstein Units and AXA, one of
the largest global financial services organizations, owned an
approximate 62.7% economic interest in AllianceBernstein.
Additional information about AllianceBernstein may be found on
our website, www.alliancebernstein.com.
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SOURCE AllianceBernstein