AllianceBernstein Says Has $419B AUM
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.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.