AllianceBernstein (AB) AUM Fell to $490M in Sept. 2016
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AB Announces September 30, 2016 Assets Under Management
October 11, 2016 4:04 PM EDTNEW YORK, Oct. 11, 2016 /PRNewswire/ --Â AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today 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... More
