Attached files
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| 8-K - ALLIANCEBERNSTEIN HOLDING L.P. 8-K 12-7-2009 - ALLIANCEBERNSTEIN HOLDING L.P. | form8k.htm |
EXHIBIT
99.01
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Philip
Talamo, Investor Relations
212.969.2383
ir@alliancebernstein.com
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John
Meyers, Media
212.969.2301
john.meyers@alliancebernstein.com
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News
Release
AllianceBernstein Announces November
30, 2009 Assets Under Management
New York, NY, December 10,
2009 –
AllianceBernstein Holding L.P. (NYSE: AB) and AllianceBernstein L.P.
today reported that during the month of November, preliminary assets under
management increased by approximately $9 billion, or 1.8%, to $496 billion at
November 30, 2009, as positive investment performance was partially offset by
net outflows, primarily in the Institutional Investments and Retail
channels.
ALLIANCEBERNSTEIN
L.P.
(THE
OPERATING PARTNERSHIP)
ASSETS
UNDER MANAGEMENT
($
billions)
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At
November 30, 2009
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At
Oct. 31,
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(preliminary)
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2009
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Institutional
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Private
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Investments
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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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$ | 108 | $ | 37 | $ | 26 | $ | 171 | $ | 168 | |||||||||||
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Growth
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53 | 23 | 17 | 93 | 91 | ||||||||||||||||
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Total
Equity
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161 | 60 | 43 | 264 | 259 | ||||||||||||||||
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Fixed
Income
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126 | 40 | 32 | 198 | 196 | ||||||||||||||||
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Other(1)
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17 | 17 | - | 34 | 32 | ||||||||||||||||
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Total
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$ | 304 | $ | 117 | $ | 75 | $ | 496 | $ | 487 | |||||||||||
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At
October 31, 2009
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Total
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$ | 300 | $ | 115 | $ | 72 | $ | 487 | |||||||||||||
(1)
Includes Index, Structured and Asset Allocation services.
About
AllianceBernstein
AllianceBernstein
is a leading global investment management firm that offers high-quality research
and diversified investment services to institutional clients, individuals and
private clients in major markets around the world. AllianceBernstein
employs more than 500 investment professionals with expertise in growth
equities, value equities, fixed income securities, blend strategies and
alternative investments and, through its subsidiaries and joint ventures,
operates in more than 20 countries. AllianceBernstein’s research
disciplines include fundamental research, quantitative research, economic
research and currency forecasting capabilities. Through its
integrated global platform, AllianceBernstein is well-positioned to tailor
investment solutions for its clients. AllianceBernstein also offers independent
research, portfolio strategy and brokerage-related services to institutional
investors.
At
September 30, 2009, AllianceBernstein Holding L.P. owned approximately 34.9% of
the issued and outstanding AllianceBernstein Units and AXA, one of the largest
global financial services organizations, owned an approximate 64.1% economic
interest in AllianceBernstein.
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
government regulations, including changes in tax regulations and rates and the
manner in which the earnings of publicly-traded partnerships are taxed. We
caution readers to carefully consider such factors. Further, such
forward-looking statements speak only as of the date on which such statements
are made; we undertake 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 our Form 10-K for the year ended December 31,
2008 and Form 10-Q for the quarter ended September 30, 2009. Any or all of the
forward-looking statements that we make in this news release, Form 10-K, Form
10-Q, other documents we file with or furnish to the SEC, and any other public
statements we issue, 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
our revenues, financial condition, results of operations and business
prospects.
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