EX-99.01 2 ex99_01.htm EXHIBIT 99.01
EXHIBIT 99.01
 
News Release
 
Andrea Prochniak, Investors
212.756.4542
Andrea.Prochniak@alliancebernstein.com
 
 
Jonathan Freedman, Media
212.823.2687
Jonathan.Freedman@alliancebernstein.com

AllianceBernstein Announces November 30, 2013 Assets Under Management
 
New York, NY, December 10, 2013 – AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) today announced that preliminary assets under management increased to $447 billion during November 2013 from $446 billion at the end of October. The increase was driven by market appreciation, which more than offset modest firmwide net outflows. While net flows to the Institutions channel were positive for the month, they were negative in both Retail and Private Client.

AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)

 
  
At November 30, 2013
    
At Oct 31
  
 
  
   
2013
  
 
  
   
   
   
   
 
 
  
   
   
Private
    
   
 
 
  
Institutions
    
Retail
    
Client
    
Total
    
Total
  
 
  
   
   
   
   
 
Equity
  
   
   
   
   
 
Actively Managed
  
$
29
    
$
40
    
$
35
    
$
104
    
$
102
  
Passive
    
21
      
28
      
1
      
50
      
48
  
Total Equity
    
50
      
68
      
36
      
154
      
150
  
 
                                        
Fixed Income
                                        
Taxable
    
141
      
62
      
10
      
213
      
215
  
Tax-Exempt
    
2
      
8
      
19
      
29
      
30
  
Passive
    
0
      
9
      
0
      
9
      
9
  
Total Fixed Income
    
143
      
79
      
29
      
251
      
254
  
 
                                        
Other(1)
    
32
      
5
      
5
      
42
      
42
  
Total
  
$
225
    
$
152
    
$
70
    
$
447
    
$
446
  
 
                                        
 
                                        
 
  
At October 31, 2013
          
 
                                        
Total
  
$
224
    
$
153
    
$
69
    
$
446
          

(1) Includes Asset Allocation services and alternative investments.

www.alliancebernstein.com
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Cautions Regarding Forward-Looking Statements

Certain statements provided by management in this news release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. The most significant of these factors include, but are not limited to, the following: the performance of financial markets, the investment performance of sponsored investment products and separately-managed accounts, general economic conditions, industry trends, future acquisitions, competitive conditions, and current and proposed government regulations, including changes in tax regulations and rates and the manner in which the earnings of publicly-traded partnerships are taxed. AllianceBernstein cautions readers to carefully consider such factors. Further, such forward-looking statements speak only as of the date on which such statements are made; AllianceBernstein undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements. For further information regarding these forward-looking statements and the factors that could cause actual results to differ, see “Risk Factors” and “Cautions Regarding Forward-Looking Statements” in AllianceBernstein’s Form 10-K for the year ended December 31, 2012 and subsequent Forms 10-Q. Any or all of the forward-looking statements made in this news release, Form 10-K, Forms 10-Q, other documents AllianceBernstein files with or furnishes to the SEC and any other public statements issued by AllianceBernstein, may turn out to be wrong. It is important to remember that other factors besides those listed in “Risk Factors” and “Cautions Regarding Forward-Looking Statements”, and those listed above, could also adversely affect AllianceBernstein’s financial condition, results of operations and business prospects.

About AllianceBernstein

AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private clients in major world markets.

At September 30, 2013, AllianceBernstein Holding L.P. owned approximately 34.8% of the issued and outstanding AllianceBernstein Units and AXA, one of the largest global financial services organizations, owned an approximate 64.6% economic interest in AllianceBernstein.

Additional information about AllianceBernstein may be found on our website, www.alliancebernstein.com.

www.alliancebernstein.com
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