AllianceBernstein Holding, L.P. - AB STOCK NEWS

AllianceBernstein (AB) announced a rise in preliminary assets under management to $761 billion in August 2021, up 2% from $748 billion in July. This increase was driven by market appreciation and net inflows, although retail and institutional inflows were partially offset by modest outflows from private wealth. The firm continues to face risks due to market performance and economic conditions, which could impact future results.

AllianceBernstein L.P. (NYSE: AB) has announced a strategic partnership with LSV Advisors, LLC, a firm specializing in liquidity solutions for alternative investments. This collaboration aims to enhance Bernstein's private wealth management services by providing clients access to LSV's investment strategies. LSV has approximately $1 billion in capital commitments. The partnership reflects a growing trend toward alternative investments in response to market volatility and aims to improve client diversification in this area. AllianceBernstein manages $738 billion in assets as of June 30, 2021.

AllianceBernstein L.P. (AB) reported a 1% increase in preliminary assets under management to $748 billion in July 2021, up from $738 billion in June. This growth was attributed to market appreciation and modest net inflows. While Retail and Private Wealth segments saw net inflows, there were net outflows from Institutions. As of June 30, 2021, Equitable Holdings, Inc. (EQH) owned approximately 64.4% of AllianceBernstein, enhancing its financial position.

AllianceBernstein L.P. (AB) reported strong Q2 2021 financial results with net revenues of $1.08 billion, a 23.6% increase YoY. The firm experienced active net inflows of $6.7 billion, reflecting 4% annualized organic growth. Adjusted operating income rose 43.2% to $279 million, with an operating margin of 31.7%, up 380 basis points YoY. Assets Under Management reached $738.4 billion, a 23.1% increase from the previous year. AB Holding's cash distribution was $0.91 per unit, payable on August 19, 2021. The report highlights continued growth across client channels and strong investment performance.

AllianceBernstein L.P. (NYSE: AB) will announce its Second Quarter 2021 financial results on July 29, 2021, at 9:30 am ET. The teleconference, led by President Seth Bernstein and CFO Ali Dibadj, will be accessible via webcast and telephone. Interested parties should visit AB's Investor Relations website to participate. A presentation will be available post-release. A replay of the webcast and audio will also be accessible for a week following the event. As of June 30, 2021, AllianceBernstein Holding owned around 36.3% of AllianceBernstein.

AllianceBernstein L.P. (AB) announced that its preliminary assets under management rose to $738 billion as of June 30, 2021, up from $731 billion at the end of May. This 1% increase was driven by market appreciation and firm inflows, despite a $1.4 billion net outflow linked to Equitable's legacy variable annuity reinsurance deal with Venerable Holdings. Notably, net inflows in Retail and Private Wealth compensated for Institutional outflows, with no further outflows from AXA S.A.'s fixed-income mandates, now essentially complete.

On June 9, 2021, AllianceBernstein L.P. (NYSE: AB) reported a rise in assets under management (AUM) to $731 billion by May 31, 2021, up from $724 billion at April's end. This 1% increase was driven by net inflows and market appreciation. Notably, Retail and Institutional channels saw positive net inflows, while the Private Wealth segment remained stable. The firm observed $0.8 billion inflows in its Customized Retirement Strategies platform, despite $0.4 billion outflows linked to AXA's redemption of low-fee fixed income mandates, leaving less than $1 billion outstanding.

AllianceBernstein (NYSE: AB) announced that CFO Ali Dibadj will speak at the Morgan Stanley US Financials, Payments and CRE Conference on June 16, 2021, starting at 10:15 a.m. ET. A live audio webcast will be accessible on AB's website, along with a replay. As of March 31, 2021, AllianceBernstein Holding holds approximately 36.5% of AllianceBernstein, while Equitable Holdings owns about 64.3%.

For more details, visit the Investor Relations section on their website.

AllianceBernstein L.P. (AB) has successfully closed its second collateralized loan obligation (CLO), raising $400 million. JPMorgan Chase served as the lead arranger for this transaction. This CLO is part of AB's broader CLO management business, which began in 2019. The firm has a track record of 12 CLO transactions totaling $4.3 billion since 2016. As of April 30, 2021, AB manages $724 billion in client assets. Equitable Holdings (EQH) holds a 64.3% economic interest in AllianceBernstein.