UPDATE: AllianceBernstein (AB) Preliminary AUM at $407B in July; Flat M/M
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(Updated - August 10, 2012 6:43 AM EDT)
AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) today announced that preliminary assets under management remained flat at $407 billion during July 2012. Market appreciation and net inflows to Retail were offset by net outflows from Private Client and Institutions, including the impact of Vanguard's recent termination of the value equity advisory services we provided to their mutual funds.
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AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) today announced that preliminary assets under management remained flat at $407 billion during July 2012. Market appreciation and net inflows to Retail were offset by net outflows from Private Client and Institutions, including the impact of Vanguard's recent termination of the value equity advisory services we provided to their mutual funds.
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