AllianceBernstein Announces February 28, 2013 Assets Under Management
NEW YORK, March 12, 2013
NEW YORK, March 12, 2013 /PRNewswire/ --AllianceBernstein L.P. and
AllianceBernstein Holding L.P. (NYSE: AB) today announced that preliminary
assets under management were unchanged at $437 billion during February 2013.
The firm did not experience any meaningful market appreciation during the
month, and total net flows were flat, as net inflows to Institutions and
Retail were offset by Private Client net outflows.
AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)
At February 28, 2013 At Jan 31
Institutions Retail Client Total Total
Value $ $ $ $ $
26 15 18 59 58
Growth 7 19 13 39 41
Total Equity 33 34 31 98 99
Fixed Income 145 79 32 256 256
Other^(1) 45 34 4 83 82
Total $ $ $ $ $
223 147 67 437 437
At January 31, 2013
Total $ $ $ $
223 147 67 437
(1) Includes Index, Structured, Asset Allocation services, and certain other
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, 2012. Any or
all of the forward-looking statements made in this news release, Form 10-K,
Forms 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.
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, 2012, AllianceBernstein Holding L.P. owned approximately37.9%
of the issued and outstanding AllianceBernstein Units and AXA, one of the
largest global financial services organizations, owned an approximate65.5%
economic interest in AllianceBernstein.
Additional information about AllianceBernstein may be found on our website,
Contact: Andrea Prochniak, Investors, +1-212-756-4542,
Andrea.Prochniak@alliancebernstein.com; Jonathan Freedman, Media,
Press spacebar to pause and continue. Press esc to stop.