NEW YORK, July 11, 2018 /PRNewswire/ -- AllianceBernstein
L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding")
(NYSE: AB) today announced that preliminary assets under management
decreased to $540 billion during
June 2018 from $541 billion at the end of May. The 0.2% decrease
was due to market depreciation, including the negative impact of
foreign currency movements during the month, partially offset by
total firmwide net inflows. By channel, net inflows to Institutions
and slight net inflows to Private Wealth exceeded net outflows from
Retail.
AllianceBernstein
L.P. (The Operating Partnership)
|
Assets Under
Management ($ in Billions)
|
|
|
At June 30,
2018
|
|
At May
31
|
|
|
|
2018
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Private
|
|
|
|
|
|
Institutions
|
|
Retail
|
|
Wealth
|
|
Total
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
Equity
|
|
|
|
|
|
|
|
|
|
Actively
Managed
|
$
|
36
|
|
|
$
|
62
|
|
|
$
|
49
|
|
|
$
|
147
|
|
|
$
|
147
|
|
Passive
|
23
|
|
|
31
|
|
|
—
|
|
|
|
54
|
|
|
53
|
|
Total
Equity
|
59
|
|
|
93
|
|
|
49
|
|
|
201
|
|
|
200
|
|
|
|
|
|
|
|
|
|
|
|
Fixed
Income
|
|
|
|
|
|
|
|
|
|
Taxable
|
149
|
|
|
66
|
|
|
11
|
|
|
226
|
|
|
229
|
|
Tax-Exempt
|
1
|
|
|
17
|
|
|
24
|
|
|
42
|
|
|
41
|
|
Passive
|
—
|
|
|
|
9
|
|
|
1
|
|
|
|
10
|
|
|
10
|
|
Total Fixed
Income
|
150
|
|
|
92
|
|
|
36
|
|
|
278
|
|
|
280
|
|
|
|
|
|
|
|
|
|
|
|
Other(1)
|
46
|
|
|
5
|
|
|
10
|
|
|
61
|
|
|
61
|
|
Total
|
$
|
255
|
|
|
$
|
190
|
|
|
$
|
95
|
|
|
$
|
540
|
|
|
$
|
541
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At May 31,
2018
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
$
|
254
|
|
|
$
|
192
|
|
|
$
|
95
|
|
|
$
|
541
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Includes certain
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, 2017
and Form 10-Q for the quarter ended March
31, 2018. 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 high-quality research and diversified investment
services to institutional investors, individuals and private wealth
clients in major world markets.
In May 2017, AXA S.A. ("AXA")
announced its intention to pursue the sale of a minority stake in
AXA Equitable Holdings, Inc. ("Equitable"; NYSE: EQH) through an
initial public offering (the "IPO"). On May
14, 2018, Equitable completed the IPO and AXA owns
approximately 71.9% of the outstanding common stock of
Equitable.
As of June 30, 2018, including
both the general partnership and limited partnership interests in
AllianceBernstein, AllianceBernstein Holding owned approximately
35.9% of AllianceBernstein and Equitable, directly and through
various subsidiaries, owned an approximate 64.7% economic interest
in AllianceBernstein.
Additional information about AB may be found on our website,
www.alliancebernstein.com.
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SOURCE AllianceBernstein