Published on 10 Nov 2023 on Zacks via Yahoo Finance
AllianceBernstein Holding L.P. AB has announced assets under management (AUM) for October 2023. The company’s preliminary month-end AUM of $652 billion reflects a 2.5% fall from the end of September 2023.
The decrease was mainly due to market depreciation and firm-wide net outflows.
At the end of October, AllianceBernstein’s Equity AUM decreased 3.5% on a sequential basis to $273 billion. Alternatives/Multi-Asset Solutions AUM (including certain multi-asset services and solutions) fell 1.6% to $124 billion. Fixed Income AUM of $255 billion was down 1.9% from the end of September 2023.