AB Announces October 31, 2024 Assets Under Management
Rhea-AI Summary
AllianceBernstein L.P. (AB) and AllianceBernstein Holding L.P. (AB Holding) announced on November 12, 2024, that their preliminary assets under management (AUM) decreased to $793 billion as of October 31, 2024, down from $806 billion at the end of September. This 2% decline is attributed solely to market depreciation, while firmwide net flows remained flat. By channel, net inflows in Private Wealth and Retail were counterbalanced by Institutional net outflows.
As of October 31, 2024, AB's Equity AUM totaled $333 billion down from $340 billion in September. Fixed Income AUM was $297 billion, a slight decrease from $299 billion. Alternatives/Multi-Asset Solutions stood at $163 billion, down from $167 billion. Overall, the total AUM dropped from $806 billion to $793 billion.
Positive
- None.
Negative
- AUM decreased by 2% from $806 billion to $793 billion.
- Equity AUM dropped from $340 billion to $333 billion.
- Fixed Income AUM decreased from $299 billion to $297 billion.
- Alternatives/Multi-Asset Solutions AUM fell from $167 billion to $163 billion.
- Institutional net outflows offset by net inflows in Private Wealth and Retail.
News Market Reaction
On the day this news was published, AB declined 1.08%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AllianceBernstein L.P. (The Operating Partnership) | |||||||||||||||||||
Assets Under Management ($ in Billions) | |||||||||||||||||||
At October 31, 2024 | Sep 30, | ||||||||||||||||||
2024 | |||||||||||||||||||
Private | |||||||||||||||||||
Institutions | Retail | Wealth | Total | Total | |||||||||||||||
Equity | |||||||||||||||||||
Actively Managed | $ | 53 | $ | 158 | $ | 54 | $ | 265 | $ | 271 | |||||||||
Passive | 24 | 38 | 6 | 68 | 69 | ||||||||||||||
Total Equity | 77 | 196 | 60 | 333 | 340 | ||||||||||||||
Fixed Income | |||||||||||||||||||
Taxable | 119 | 76 | 19 | 214 | 216 | ||||||||||||||
Tax-Exempt | 2 | 40 | 30 | 72 | 71 | ||||||||||||||
Passive | — | 11 | — | 11 | 12 | ||||||||||||||
Total Fixed Income | 121 | 127 | 49 | 297 | 299 | ||||||||||||||
Alternatives/Multi-Asset Solutions(1) | 129 | 7 | 27 | 163 | 167 | ||||||||||||||
Total | $ | 327 | $ | 330 | 136 | 793 | 806 | ||||||||||||
At September 30, 2024 | |||||||||||||||||||
Total | $ | 335 | $ | 335 | $ | 136 | $ | 806 | |||||||||||
(1) Includes certain multi-asset solutions and services not included in equity or fixed income services. | |||||||||||||||||||
Cautions Regarding Forward-Looking Statements
Certain statements provided by management in this news release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. The most significant of these factors include, but are not limited to, the following: the performance of financial markets, the investment performance of sponsored investment products and separately-managed accounts, general economic conditions, industry trends, future acquisitions, integration of acquired companies, competitive conditions, and government regulations, including changes in tax regulations and rates and the manner in which the earnings of publicly-traded partnerships are taxed. AB cautions readers to carefully consider such factors. Further, such forward-looking statements speak only as of the date on which such statements are made; AB undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements. For further information regarding these forward-looking statements and the factors that could cause actual results to differ, see "Risk Factors" and "Cautions Regarding Forward-Looking Statements" in AB's Form 10-K for the year ended December 31, 2023 or form 10-Q for the quarter ended September 30, 2024. Any or all of the forward-looking statements made in this news release, Form 10-K, Form 10-Q, other documents AB files with or furnishes to the SEC and any other public statements issued by AB, may turn out to be wrong. It is important to remember that other factors besides those listed in "Risk Factors" and "Cautions Regarding Forward-Looking Statements", and those listed above, could also adversely affect AB's financial condition, results of operations and business prospects.
About AllianceBernstein
AllianceBernstein is a leading global investment management firm that offers diversified investment services to institutional investors, individuals and private wealth clients in major world markets.
As of September 30, 2024, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately
Additional information about AB may be found on our website, www.alliancebernstein.com.
View original content:https://www.prnewswire.com/news-releases/ab-announces-october-31-2024-assets-under-management-302303194.html
SOURCE AllianceBernstein
FAQ
What was AB's assets under management (AUM) at the end of October 2024?
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