AllianceBernstein Acquires AnchorPath

Rhea-AI Summary

AllianceBernstein L.P. (AB) announced the acquisition of AnchorPath Financial, LLC during Q2 2020, enhancing its investment management capabilities. AnchorPath specializes in cost-effective, proactive risk control strategies that improve liquidity and transparency. The acquisition brings in over $400m in assets under management and introduces Marshall Greenbaum, a seasoned expert in risk-protected solutions for U.S. insurers, to the AB Multi-Asset Solutions team. This strategic move aims to leverage AB's distribution expertise and provide differentiated investment solutions.

Positive

• Acquisition of AnchorPath enhances AB's investment capabilities.
• Integration expected to add over $400m in assets under management.
• Marshall Greenbaum's experience strengthens AB's risk management solutions.

Negative

• None.

NEW YORK, June 17, 2020 /PRNewswire/ -- AllianceBernstein L.P. ("AB"), a leading global investment management firm, today announced that AB acquired AnchorPath Financial, LLC earlier during the second quarter of 2020. AnchorPath, an investment management firm founded in 2009, has developed a cost-effective strategy that integrates proprietary, pro-active risk control while providing liquidity and transparency.

"Through this acquisition, AB adds another proven and differentiated investment capability to its risk-managed platform. AnchorPath uses a unique lens to construct solutions that enable funds to outperform relevant indexes with decreased downside risk and will benefit from AB's distribution expertise," said Daniel Loewy, Head of AB Multi-Asset Solutions.

The AnchorPath team recently joined AB's Multi-Asset Solutions business, which helped lead to the addition of more than $400m of assets under management. AnchorPath's principal, Marshall Greenbaum, also joined AB as part of the acquisition. Mr. Greenbaum has two decades of experience providing risk protected solutions to U.S. insurers.

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 wealth clients in major world markets.

As of March 31, 2020, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately 35.9% of AllianceBernstein and Equitable Holdings, Inc. ("EQH"), directly and through various subsidiaries, owned an approximate 64.9% economic interest in AllianceBernstein.

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

 

View original content:http://www.prnewswire.com/news-releases/alliancebernstein-acquires-anchorpath-301078469.html

SOURCE AllianceBernstein

FAQ

What is the significance of AllianceBernstein's acquisition of AnchorPath Financial, LLC?

The acquisition enhances AllianceBernstein's investment management capabilities, bringing in advanced risk-managed strategies and over $400m in assets under management.

When did AllianceBernstein acquire AnchorPath Financial, LLC?

AllianceBernstein acquired AnchorPath Financial, LLC during the second quarter of 2020.

How does the acquisition of AnchorPath impact AllianceBernstein's market position?

The acquisition positions AllianceBernstein to offer differentiated investment solutions, leveraging AnchorPath's risk management expertise and AB's distribution strength.

Who is Marshall Greenbaum and what role does he play in AllianceBernstein after the acquisition?

Marshall Greenbaum is a principal from AnchorPath who joined AllianceBernstein, bringing two decades of experience in providing risk-protected solutions to U.S. insurers.

What types of investment strategies does AnchorPath Financial specialize in?

AnchorPath specializes in cost-effective strategies that integrate proactive risk control, improving liquidity and transparency for investors.