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8-K - ALLIANCEBERNSTEIN HOLDING LP 8-K 11-11-2013 - ALLIANCEBERNSTEIN HOLDING L.P. | form8k.htm |
Exhibit 99.01
News Release
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Jonathan Freedman, Media
212.823.2687 |
AllianceBernstein Announces October 31, 2013 Assets Under Management
New York, NY, November 11, 2013 – AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) today announced that preliminary assets under management increased to $446 billion during October 2013 from $445 billion at the end of September. The slight increase was driven entirely by market appreciation, which more than offset net outflows. As previously disclosed, the Company lost approximately $7 billion in fixed income assets on October 1st, when AXA completed the sale of one of its subsidiaries, MONY Life Insurance Company. This accounted for the large majority of institutional net outflows in the month, though Retail and Private Client net flows were negative as well.
AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)
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At October 31, 2013
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At Sep 30
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2013
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|||||||||||||||||||
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||||||||||||||||||||
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Private
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|||||||||||||||||||
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Institutions
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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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||||||||||||||||||||
Actively Managed
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$
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29
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$
|
39
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$
|
34
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$
|
102
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$
|
100
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||||||||||
Passive
|
20
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27
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1
|
48
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47
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|||||||||||||||
Total Equity
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49
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66
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35
|
150
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147
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Fixed Income
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Taxable
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141
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64
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10
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215
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220
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|||||||||||||||
Tax-Exempt
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2
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9
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19
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30
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29
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Passive
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0
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9
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0
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9
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9
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|||||||||||||||
Total Fixed Income
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143
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82
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29
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254
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258
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Other(1)
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32
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5
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5
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42
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40
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|||||||||||||||
Total
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$
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224
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$
|
153
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$
|
69
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$
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446
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$
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445
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At September 30, 2013
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||||||||||||||||
Total
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$
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227
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$
|
150
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$
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68
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$
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445
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(1) | Includes Asset Allocation services and alternative investments. |
www.alliancebernstein.com
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Cautions Regarding Forward-Looking Statements
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 September 30, 2013, AllianceBernstein Holding L.P. owned approximately 34.8% of the issued and outstanding AllianceBernstein Units and AXA, one of the largest global financial services organizations, owned an approximate 64.6% economic interest in AllianceBernstein.
Additional information about AllianceBernstein may be found on our website, www.alliancebernstein.com.
www.alliancebernstein.com
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