AllianceBernstein Announces September 30, 2011 Assets Under Management Down 7% to $402B

AllianceBernstein L.P. and AllianceBernstein Holding L.P.

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.