NEW YORK, Nov. 12, 2012 /PRNewswire/ -- AllianceBernstein
L.P. and AllianceBernstein Holding L.P. (NYSE: AB) today announced
that preliminary assets under management remained essentially flat
at $419 billion during October 2012. Total net flows were again
positive, driven by continued strong Retail net inflows that were
partially offset by Private Client net outflows and modest net
outflows from Institutions. However, negative equity investment
returns restrained AUM growth for the month.
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AllianceBernstein L.P. (The Operating
Partnership)
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Assets
Under Management ($ in Billions)
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|
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At
October 31, 2012
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At Sep
30
|
|
(preliminary)
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2012
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Private
|
|
|
|
|
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Institutions
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Retail
|
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Client
|
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Total
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Total
|
|
|
|
|
|
|
|
|
|
|
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Equity
|
|
|
|
|
|
|
|
|
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Value
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$
26
|
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$
16
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$
16
|
|
$
58
|
|
$
61
|
|
Growth
|
7
|
|
18
|
|
14
|
|
39
|
|
40
|
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Total
Equity
|
33
|
|
34
|
|
30
|
|
97
|
|
101
|
|
|
|
|
|
|
|
|
|
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Fixed
Income
|
141
|
|
74
|
|
33
|
|
248
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|
245
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|
|
|
|
|
|
|
|
|
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Other(1)
|
40
|
|
30
|
|
4
|
|
74
|
|
73
|
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Total
|
$
214
|
|
$
138
|
|
$
67
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$
419
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$
419
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|
|
|
|
|
|
|
|
|
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|
|
|
|
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|
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|
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At
September 30, 2012
|
|
|
|
|
|
|
|
|
|
|
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Total
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$
214
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$
137
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$
68
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$
419
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(1)
Includes Index, Structured, Asset Allocation services, and certain
other 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, 2011 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 September 30, 2012,
AllianceBernstein Holding L.P. owned approximately 37.9% of
the issued and outstanding AllianceBernstein Units and AXA, one of
the largest global financial services organizations, owned an
approximate 64.2% economic interest in AllianceBernstein.
Additional information about AllianceBernstein may be found on
our website, www.alliancebernstein.com.
SOURCE AllianceBernstein