AllianceBernstein Holding, L.P. reports recurring developments for a global investment management firm that offers diversified investment services to institutional investors, retail clients and private wealth clients. Company updates commonly cover quarterly operating results, GAAP and adjusted net income per unit, cash distributions to unitholders, and monthly preliminary assets under management.
AB news also tracks AUM flows by Institutional, Retail and Private Wealth channels and by equity, fixed income, alternatives and multi-asset strategies. Additional updates include Bernstein Private Wealth Management initiatives, investment-technology infrastructure, senior leadership changes and ownership references tied to AllianceBernstein L.P. and Equitable Holdings.
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AllianceBernstein (AB) and AllianceBernstein Holding (AB Holding) reported a 3% increase in assets under management (AUM), rising from $736 billion at the end of April 2024 to $757 billion as of May 31, 2024. This growth was driven by market appreciation and net inflows across the firm's Retail and Institutional segments, though there were slight net outflows in the Private Wealth channel. The detailed breakdown shows an increase in both equity and fixed income assets, as well as growth in multi-asset solutions.
AllianceBernstein (AB) is celebrating Pride Month with a series of events organized by its Employee Resource Group, ABOut. AB emphasizes its commitment to corporate responsibility, responsible investing, and stewardship, integrating environmental, social, and governance (ESG) factors into approximately 70% of its actively managed strategies. As of March 31, 2024, AB manages $759 billion in assets, with $528 billion ESG-integrated. AB's mission is to help clients achieve their investment goals while promoting diversity, inclusion, and integrity. The firm has been a signatory to the Principles for Responsible Investment since 2011.
AllianceBernstein (NYSE: AB) has launched two new actively managed exchange-traded funds (ETFs): AB Short Duration Income ETF (NYSE: SDFI) and AB Short Duration High Yield ETF (NYSE: SYFI), increasing its total ETF offerings to 14. These funds aim to provide high current income with capital preservation (SDFI) and the highest income without undue risk (SYFI). Jane Street will act as the Lead Market Maker for these ETFs. AB's ETF platform has surpassed $2 billion in assets under management (AUM), reflecting its growth in the global fixed income market.
AllianceBernstein's recent report highlights the evolving landscape of the US office market post-pandemic. High vacancy rates and increased borrowing costs are challenging the sector, particularly older buildings. However, modern, adaptable, and environmentally friendly office spaces are in demand. Since Q1 2020, newly built or renovated offices saw a net absorption of 127 million square feet, while older buildings experienced a negative net absorption of 236 million square feet. The push for 'return to office' has increased the number of tenants searching for office space by 6% in Q1 2024 and 28% since early 2023. High-quality office spaces in US metropolitan areas with favorable demographics and low business costs are particularly sought after. Sustainability is becoming a key factor in office decisions, with greener, newer buildings preferred over older, less adaptable ones.
On May 23, 2024, AllianceBernstein announced that Onur Erzan, Head of Global Client Group and Private Wealth, will participate in the TD Financial Services & Fintech Summit on June 6, 2024. The session will start at 12:50 p.m. (CT) and will feature a live audio webcast available on the company's Investor Relations page. An audio replay will also be made available post-event.
AllianceBernstein (NYSE: AB), a global investment firm managing $737 billion in assets, has appointed Bruce Holley to its Board of Directors.
Effective May 15, 2024, Holley will serve as an independent member and join the Audit and Risk Committee.
Holley, with 30 years in financial services, is currently a Managing Director at Alvarez & Marsal and previously held senior roles at Accenture and the Boston Consulting Group. He holds a biochemistry degree and an MBA from Harvard University.
AllianceBernstein (AB) has been ranked as the third-best company headquartered in the US by the Hirschel and Kramer Responsible Investment Brand Index (RIBI) 2024. The index evaluates over 600 asset managers globally on their commitment to sustainable development. AB's strategy integrates environmental, social, and governance (ESG) factors into its investment processes. As of September 30, 2023, AB managed $669 billion in assets, with $458 billion ESG-integrated. AB's values emphasize corporate responsibility, stewardship, and integrity, aiming to empower clients and employees while delivering innovative investment solutions.
AllianceBernstein L.P. and AllianceBernstein Holding L.P. announced a decrease in assets under management to $737 billion in April 2024 from $759 billion in March, with a 3% decrease due to market depreciation. Net inflows in Retail were offset by outflows in Institutions and Private Wealth.
AllianceBernstein L.P. (AB), a global investment firm with $759 billion in assets, expands retirement income offerings with the AB Secure Income Portfolio. The portfolio provides guaranteed retirement income for Defined Contribution plans without changing their target-date provider. It offers higher growth assets exposure, liquidity, and flexibility for participants. AB has been a pioneer in customizable lifetime income solutions, accumulating over $11 billion in assets. The portfolio is available through an institutional separate account and a collective investment trust (CIT).