AllianceBernstein Announces September 30, 2011 Assets Under Management Down 7% to $402B
AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) today announced that preliminary assets under management decreased to $402 billion from $433 billion during September 2011.
The 7% decline reflects negative investment returns, including the impact of foreign exchange movements, and net asset outflows across the firm's three distribution channels, with Institutions the greatest share.
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