NEW YORK, June 17, 2020 /PRNewswire/
-- AllianceBernstein L.P. ("AB"), a leading global investment
management firm, today announced that AB acquired AnchorPath
Financial, LLC earlier during the second quarter of 2020.
AnchorPath, an investment management firm founded in 2009, has
developed a cost-effective strategy that integrates proprietary,
pro-active risk control while providing liquidity and
transparency.
"Through this acquisition, AB adds another proven and
differentiated investment capability to its risk-managed platform.
AnchorPath uses a unique lens to construct solutions that enable
funds to outperform relevant indexes with decreased downside risk
and will benefit from AB's distribution expertise," said
Daniel Loewy, Head of AB Multi-Asset
Solutions.
The AnchorPath team recently joined AB's Multi-Asset Solutions
business, which helped lead to the addition of more than
$400m of assets under management.
AnchorPath's principal, Marshall
Greenbaum, also joined AB as part of the acquisition. Mr.
Greenbaum has two decades of experience providing risk protected
solutions to U.S. insurers.
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, 2020, including
both the general partnership and limited partnership interests in
AllianceBernstein, AllianceBernstein Holding owned approximately
35.9% of AllianceBernstein and Equitable Holdings, Inc. ("EQH"),
directly and through various subsidiaries, owned an approximate
64.9% economic interest in AllianceBernstein.
Additional information about AB may be found on our website,
www.alliancebernstein.com.
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SOURCE AllianceBernstein