AllianceBernstein (AB) Announces 3.1% Drop in August AUM
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AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) announced preliminary assets under management fell from $482 billion to $467 billion during August 2010.
The 3.1% decline was due to negative equity investment returns and net asset outflows, mainly from institutional accounts.
[SM]
The 3.1% decline was due to negative equity investment returns and net asset outflows, mainly from institutional accounts.
[SM]
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