Alliancebernstein Hldg L P Stock Price, News & Analysis

AllianceBernstein Holding L.P. (NYSE: AB) has appointed Erin Bigley as the new Chief Responsibility Officer. With over 20 years at the firm, she previously led fixed income and responsible investing initiatives. Bigley will oversee key strategies in responsible investing and corporate responsibility, enhancing the firm's commitment to these areas. She replaces Michelle Dunstan, who left for an external opportunity. As of September 30, 2022, AllianceBernstein manages $613 billion in assets.

AllianceBernstein L.P. (NYSE: AB) reported a decline in preliminary assets under management (AUM) to $613 billion as of September 30, 2022, down from $667 billion at August's end. This 8% decrease is attributed to market depreciation and net outflows, particularly from Retail, which saw $2.2 billion in AXA redemptions, completing the expected $4 billion for the year.

AllianceBernstein has launched its initial active exchange-traded funds (ETFs) on the NYSE, including the AB Ultra Short Income ETF (YEAR) and the AB Tax-Aware Short Duration Municipal ETF (TAFI). These ETFs aim to provide clients with accessible fixed income solutions amid rising interest rates. With extensive industry experience, Jane Street will serve as the Lead Market Maker. The firm plans to expand its ETF offerings over time, reflecting its commitment to innovative investment strategies and client needs. As of August 31, 2022, AllianceBernstein managed $667 billion in assets.

On September 12, 2022, AllianceBernstein reported a decline in preliminary assets under management (AUM) to $667 billion in August 2022, down from $689 billion in July. This 3% decrease was primarily attributed to market depreciation, despite net inflows in the Private Wealth channel. The firm experienced modest outflows from both Institutional and Retail channels, which partially offset the inflows.

AllianceBernstein has made its 2021 Schedule K-3 available for unitholders, particularly aiding foreign investors and those calculating foreign tax credits. This schedule contains crucial international tax information necessary for accurate federal income tax returns. Unitholders can access the K-3 online at www.taxpackagesupport.com/ab. As of July 31, 2022, AllianceBernstein manages $689 billion in assets, solidifying its position as a top investment management firm.

AllianceBernstein L.P. (AB) reported a significant increase in assets under management (AUM), rising from $647 billion in June to $689 billion by July 31, 2022, marking a 6.5% increase fueled by market appreciation and the acquisition of CarVal Investors. However, net outflows were noted, contributing to a $1.7 billion decrease due to AXA S.A's ongoing redemption of low-fee fixed income mandates, with $2.3 billion still expected to be redeemed. Despite overall outflows, Institutional net flows remained positive for July.

AllianceBernstein Holdings L.P. (AB) has successfully closed its US Commercial Real Estate Debt Fund IV, securing $1.3 billion in commitments from global institutional investors. This fund raises the platform's total capital commitments to over $4.5 billion since December 2020. The US Commercial Real Estate Debt platform now manages total assets of $10.5 billion, with $9.0 billion actively managed. The closing reflects the firm's strong portfolio management amid market challenges, including the COVID-19 pandemic, and supports its growth strategy in private markets.

AllianceBernstein Holding L.P. (AB) reported second quarter 2022 financial results, highlighting a GAAP diluted net income of $0.69 per unit and adjusted diluted net income of $0.71 per unit. Total net revenues fell to $971.4 million, a 9.8% decrease year-over-year, attributed to lower performance fees and investment advisory fees. Assets under management dropped 12% to $646.8 billion. The firm faced net outflows of $2.7 billion, contrasted by organic growth in some sectors. The cash distribution of $0.71 per unit is scheduled for August 18, 2022.

AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) will release their Second Quarter 2022 financial results on July 29, 2022. A teleconference will follow at 9:00 am (CT), hosted by CEO Seth Bernstein and CFO Catherine Burke. Investors can access the call via webcast or telephone. A replay will be available after the call, including an audio replay for one week. As of June 30, 2022, AllianceBernstein Holding owned approximately 35.7% of AllianceBernstein, while Equitable Holdings owned about 65%.