AllianceBernstein (AB) AUM Dips 1% in March
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AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) announced that preliminary assets under management decreased to $419 billion from $424 billion during March 2012.
The 1% decline was due to net outflows in Institutions and Private Client, partially offset by net inflows in Retail. Outflows from the previously announced dissolution of an AXA joint venture in Australia were a significant factor in total Institutions net outflows for the month.
The 1% decline was due to net outflows in Institutions and Private Client, partially offset by net inflows in Retail. Outflows from the previously announced dissolution of an AXA joint venture in Australia were a significant factor in total Institutions net outflows for the month.
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