Alliancebernstein Hldg L P Stock Price, News & Analysis

AllianceBernstein L.P. (AB) announced its Lifetime Income Strategy (LIS) retirement solution has exceeded $5 billion in assets under management, doubling its value from the previous year. Designed to secure retirement income, LIS combines personalized portfolios with guaranteed income options, and has been available since 2012. AB attributes this growth to legislative changes and partnerships with multiple insurers. The firm plans to continue expanding LIS to meet diverse retirement needs, promoting financial security for participants.

On May 12, 2021, AllianceBernstein L.P. (AB) reported a rise in preliminary assets under management (AUM) to $724 billion in April 2021, a 3.9% increase from $697 billion in March. The growth was attributed to net inflows across all distribution channels including Institutions, Retail, and Private Wealth, alongside market appreciation. Notably, the Customized Retirement Strategies (CRS) platform attracted inflows of $3.1 billion. However, AUM also included $0.9 billion in outflows linked to AXA S.A.'s redemption of low-fee fixed income mandates, with additional redemptions expected in Q2 2021.

On April 29, 2021, AllianceBernstein (AB) reported robust Q1 2021 results, showing net revenues of $1.0 billion, a 15% increase year-over-year. Active net inflows reached $6.5 billion, marking 4% annualized organic growth. Operating income surged 46% to $261 million, with an operating margin of 25.9%. Cash distribution to Unitholders increased 26.6% to $0.81 per Unit. Despite strong performance and growth across client channels, the firm acknowledged challenges from AXA's redemptions. Overall, assets under management rose 29% year-over-year to $697.2 billion.

AllianceBernstein (AB) has been named the Founding Member of the Corporate Affiliate Program at the inaugural Columbia Climate School, which aims to address climate change challenges through academic and commercial collaboration. This three-year agreement follows a previous phase where AB co-developed a curriculum integrating climate science into portfolio management. The partnership seeks to combine investor insights with scientific research to create innovative solutions for climate risk management, while AB continues to train industry stakeholders on climate finance issues.

AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) will release their First Quarter 2021 financial results on April 29, 2021. A teleconference will follow at 8:00 am (ET), featuring key executives including President Seth Bernstein. Interested parties can join via webcast or telephone, with details provided in the release. A replay will be available post-call. As of March 31, 2021, AllianceBernstein Holding owned about 36.5% of AllianceBernstein, while AXA Equitable Holdings owned approximately 64.3%.

On April 12, 2021, AllianceBernstein L.P. (NYSE: AB) reported a rise in preliminary assets under management to $697 billion in March 2021, up from $688 billion in February. This 1.3% growth was due to net inflows across all distribution channels and market appreciation. Notably, the firm experienced no outflows linked to AXA S.A's redemption of low-fee fixed income mandates, with approximately $2 billion still outstanding, anticipated in Q2 2021. The firm continues to manage a diverse investment portfolio, serving various investors globally.

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.