Alliancebernstein Hldg L P Stock Price, News & Analysis

AllianceBernstein (AB) has launched the innovative "Alphalytics" tool, aimed at quantifying and measuring the asset management industry's value. This web-based platform analyzes idiosyncratic alpha, offering benchmarks for portfolio manager success. With the introduction of the Fixed Income module, asset owners and managers can now access detailed insights across thousands of funds. CEO Robert van Brugge emphasizes that the tool addresses complex investment questions. The platform aims to enhance manager selection and portfolio construction while continually evolving to meet user needs.

AllianceBernstein L.P. (AB) has announced the successful first closing of its fourth US Commercial Real Estate Debt fund (CRED IV), attracting nearly $900 million in capital commitments, led by Equitable. This fund will focus on floating-rate first mortgage whole loans secured by transitional US commercial real estate. Since its inception, the CRED platform has raised approximately $7 billion and originated over 100 loans. This milestone highlights AB's capacity to secure significant capital, even amid COVID-19 challenges, and aligns with its recent launch of the European Commercial Real Estate Debt platform.

AllianceBernstein L.P. (AB) reported a growth in preliminary assets under management to $688 billion in February 2021, up from $683 billion in January, reflecting a 0.7% increase driven by net inflows and market appreciation. Notably, net inflows to Private Wealth and Retail were somewhat offset by outflows from Institutions. The firm is anticipating approximately $2 billion in ongoing redemptions from AXA S.A.'s low-fee fixed income mandates during the first half of 2021.

AllianceBernstein (AB) announces participation of President and CEO Seth Bernstein and CFO Ali Dibadj at the Credit Suisse 22nd Annual Virtual Financial Services Forum on February 25, 2021, starting at 11:20 a.m. ET. A live audio webcast will be available on AB's Investor & Media Relations webpage. As of December 31, 2020, AllianceBernstein Holding owns approximately 36.0% of AllianceBernstein, while AXA Equitable Holdings has a 64.8% economic interest in the firm. For more information, visit alliancebernstein.com.

AllianceBernstein L.P. (NYSE: AB) reported strong financial results for Q4 and FY 2020, with net revenues of $1.1 billion, a 7.7% increase year-over-year, and total AUM reaching $686 billion, growing 10% from 2019. Active net inflows were $14.9 billion, despite low-fee redemptions of $11.8 billion from AXA. The adjusted operating margin improved to 30.1%. Notable increases in earnings per unit and cash distributions were also reported, reflecting resilience amid market volatility. The firm remains optimistic for 2021 while recognizing potential ongoing volatility.

On February 11, 2021, AllianceBernstein (AB) reported a decrease in preliminary assets under management to $683 billion in January 2021, down from $686 billion in December 2020, marking a 0.4% decline. Despite firmwide net inflows, market depreciation offset these gains. Notably, net inflows from Retail and Private Wealth were countered by outflows from Institutions. Additionally, outstanding redemptions from AXA S.A. total approximately $2 billion, anticipated in the first half of 2021.

AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) will announce their Fourth Quarter 2020 financial results on February 11, 2021. The management team, including CEO Seth Bernstein and CFO John Weisenseel, will host a teleconference at 8:00 am (ET) after the results release. Investors can join via webcast on AB's Investor Relations website or by phone at (833) 495-0952. A replay will be accessible for one week post-call. AllianceBernstein is a global investment management firm with significant ownership interests from AXA Equitable Holdings.

AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) reported a rise in preliminary assets under management to $686 billion by December 2020, a 2.7% increase from $668 billion in November. This growth stemmed from market appreciation, despite some net outflows across private wealth and retail channels. Notably, AXA S.A’s ongoing redemptions contributed to around $11.8 billion in expected redemptions for the year, with total expected redemptions amounting to $14 billion.

On December 14, 2020, AllianceBernstein L.P. (AB) announced the successful closing of its inaugural $405.4 million collateralized loan obligation (CLO), AB BSL CLO I, with Morgan Stanley as the lead arranger. This marks a significant milestone for the firm's CLO management business, established in 2019, led by Scott Macklin. The transaction garnered a positive response from institutional investors, highlighting confidence in AB's leveraged finance platform. Since 2016, AB's middle market direct lending platform has issued nine CLO transactions totaling $3.1 billion.