AllianceBernstein (AB) AUM Fell to $490M in Sept. 2016

October 11, 2016 4:30 PM EDT

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AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) announced that preliminary assets under management decreased to $490 billion during September 2016 from $496 billion at the end of August. The 1.2% decrease was the result of negative net flows from all three client channels, partly offset by market appreciation and newly acquired assets. The most significant driver of net flows was the remaining $6 billion in previously announced AIG outflows from our Institutions channel, the result of AIG's decision to significantly reduce its hedge fund exposure and manage its remaining alternative assets in-house. We also completed our acquisition of Ramius Alternative Solutions, LLC (RASL) during the month, which added $2.5 billion in Institutional assets.

AB (The Operating Partnership)

Assets Under Management ($ in Billions)

At September 30, 2016

At Aug 31

2016

Private

Institutions

Retail

Wealth

Total

Total

Equity

Actively Managed

$

27

$

44

$

40

$

111

$

111

Passive

21

28

49

49

Total Equity

48

72

40

160

160

Fixed Income

Taxable

158

61

11

230

232

Tax-Exempt

2

14

22

38

38

Passive

1

10

11

11

Total Fixed Income

161

85

33

279

281

Other(1)

38

5

8

51

55

Total

$

247

$

162

$

81

$

490

$

496

At August 31, 2016

Total

$

253

$

162

$

81

$

496

(1) Includes certain multi-asset services and solutions and certain alternative investments.



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