Attached files
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| 8-K - ALLIANCEBERNSTEIN HOLDING L.P. 8-K 1-13-2011 - ALLIANCEBERNSTEIN HOLDING L.P. | form8k.htm |
EXHIBIT 99.01
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New Release
Avi Sharon, Investor Relations
212.756.4077
avi.sharon@alliancebernstein.com
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John Meyers, Media
212.969.2301
john.meyers@alliancebernstein.com
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AllianceBernstein Announces December 31, 2010 Assets Under Management
Fourth Quarter 2010 Earnings Conference Call to be Held on February 10, 2011 at 5:00 P.M (EST)
New York, NY, January 13, 2011 – AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) today announced that preliminary assets under management increased to $486 billion from $485 billion during December 2010. The 0.2% increase was due to positive equity investment returns, offset by net asset outflows.
AllianceBernstein L.P. (The Operating Partnership)
ASSETS UNDER MANAGEMENT
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At Dec 31, 2010
Preliminary
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At Nov 30,
2010
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$ billions
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Institutions
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Retail
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Private 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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$ | 88 | $ | 31 | $ | 25 | $ | 144 | $ | 143 | ||||||||||
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Growth
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34 | 24 | 17 | 75 | 74 | |||||||||||||||
| 122 | 55 | 42 | 219 | 217 | ||||||||||||||||
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Fixed Income
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123 | 49 | 34 | 206 | 208 | |||||||||||||||
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Other(1)
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36 | 23 | 2 | 61 | 60 | |||||||||||||||
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Total
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$ | 281 | $ | 127 | $ | 78 | $ | 486 | $ | 485 | ||||||||||
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At Nov 30, 2010
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Total
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$ | 283 | $ | 126 | $ | 76 | $ | 485 | ||||||||
(1) Includes index, structured, asset allocation services, other non-actively managed AUM and certain other alternative services.
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www.alliancebernstein.com
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Fourth Quarter 2010 Earnings Conference Call Information
AllianceBernstein’s management will review fourth quarter 2010 financial and operating results on Thursday, February 10 during a conference call beginning at 5:00 p.m. (EST) following the release of its financial results at approximately 4:00 p.m. (EST). The conference call will be hosted by Peter S. Kraus, Chairman and Chief Executive Officer, David A. Steyn, Chief Operating Officer, John B. Howard, former Chief Financial Officer, and Edward J. Farrell, Interim Chief Financial Officer.
Parties may access the conference call by either webcast or telephone:
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1.
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To listen by webcast, please visit AllianceBernstein’s Investor Relations website at http://ir.alliancebernstein.com/investorrelations at least 15 minutes prior to the call to download and install any necessary audio software.
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2.
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To listen by telephone, please dial (866) 556-2265 in the U.S. or (973) 935-8521 outside the U.S., 10 minutes before the scheduled start time. The conference ID# is 35941717.
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The presentation that will be reviewed during the conference call will be available on AllianceBernstein’s Investor Relations website shortly after the release of fourth quarter 2010 financial results on February 10, 2011.
A replay of the webcast will be made available beginning approximately one hour after the conclusion of the conference call on February 10, 2011 and will be available on AllianceBernstein’s website for one week. An audio replay of the conference call will also be available for one week. To access the audio replay, please call (800) 642-1687 from the U.S., or outside the U.S. call (706) 645-9291, and provide conference ID# 35941717.
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. AllianceBernstein cautions readers to carefully consider such factors. Further, such forward-looking statements speak only as of the date on which such statements are made; AllianceBernstein 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 AllianceBernstein’s Form 10-K for the year ended December 31, 2009 and Form 10-Q for the quarter ended September 30, 2010. Any or all of the forward-looking statements made in this news release, Form 10-K, Form 10-Q, other documents AllianceBernstein files with or furnishes to the SEC, and any other public statements issued by AllianceBernstein, 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 AllianceBernstein’s financial condition, results of operations and business prospects.
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www.alliancebernstein.com
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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 clients in major world markets.
At December 31, 2010, AllianceBernstein Holding L.P. owned approximately 37.8% of the issued and outstanding AllianceBernstein Units and AXA, one of the largest global financial services organizations, owned an approximate 61.4% economic interest in AllianceBernstein.
Additional information about AllianceBernstein may be found on our internet site, www.alliancebernstein.com.
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www.alliancebernstein.com
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