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AllianceBernstein Holding, L.P. (NYSE: AB) is a prominent global investment management and research firm. With a robust team of experts providing a wide array of insights, AB delivers sophisticated investment strategies across the capital structure. The firm's clients include institutional investors (43% of assets under management), retail clients (40%), and private individuals (17%), emphasizing tailored solutions for varying investment needs. As of January 2024, AB manages $726 billion in assets, primarily focusing on fixed-income (39%) and equity (43%) strategies. Additionally, AB's Sanford Bernstein subsidiary supplies sell-side research and brokerage services, recently enhanced by a joint venture with Societe Generale.
AllianceBernstein continually advances its offerings and maintains a strong commitment to responsible investing and ESG initiatives. Recent achievements include a 2% increase in assets under management in March 2024, bringing the total to $759 billion, driven by net inflows and market appreciation. The firm has also launched innovative products like the AB Secure Income Portfolio, expanding retirement income solutions for Defined Contribution plans.
AB's first-quarter 2024 financial results showcased a 6% year-over-year revenue increase, reaching $1.1 billion, with operating income climbing by 12%. The company continues to enhance its product lineup with two new actively managed ETFs, further solidifying its position as a leader in the investment management sector.
AB's governance and operational strategies are supported by a diverse and experienced board, with the recent addition of Bruce Holley. The firm's commitment to sustainability and ESG factors has earned it accolades such as the Best ESG Initiative at the ESG Investing Awards 2024 and recognition as the Third Best Company Headquartered in the US by the Hirschel and Kramer Responsible Investment Brand Index 2024.
For the latest updates and detailed information about AllianceBernstein's performance and offerings, visit their website.
AllianceBernstein L.P. and AllianceBernstein Holding L.P. announced a decrease in assets under management to $737 billion in April 2024 from $759 billion in March, with a 3% decrease due to market depreciation. Net inflows in Retail were offset by outflows in Institutions and Private Wealth.
AllianceBernstein L.P. (AB), a global investment firm with $759 billion in assets, expands retirement income offerings with the AB Secure Income Portfolio. The portfolio provides guaranteed retirement income for Defined Contribution plans without changing their target-date provider. It offers higher growth assets exposure, liquidity, and flexibility for participants. AB has been a pioneer in customizable lifetime income solutions, accumulating over $11 billion in assets. The portfolio is available through an institutional separate account and a collective investment trust (CIT).
AllianceBernstein's Women's Employee Resource Group (ERG) created the #SheInspires campaign to showcase inspiring women within the firm. Colleagues nominated these women for their ability to motivate and inspire others, emphasizing AB's core values. AB is renowned for its responsible investing and stewardship practices, focusing on ESG factors and climate change considerations. The firm's purpose is to unlock opportunities through responsible actions, guided by its mission and values. AB is committed to integrating ESG factors across its managed equity and fixed-income client accounts. With $669B in assets under management as of September 30, 2023, AB prioritizes diversity, distinctive knowledge, courage, and integrity in its operations.
AllianceBernstein has been recognized with awards for the Most Innovative ESG Initiative: Climate and Natural Capital at the ESG Investing Awards 2024. The company focuses on responsible investing, stewardship, and corporate responsibility, integrating ESG factors into its strategies. AB has $669B in assets under management, with $458B ESG-integrated.
AllianceBernstein celebrated Earth Day 2024 with a focus on responsible investing and stewardship. The PR highlighted AB's PRISM platform, Climate Transition Alignment Framework, Biodiversity Risk Matrix, and collaborations with Columbia Climate School. AB is a global investment management firm that integrates ESG factors in its strategies, engaging with issuers for clients' financial interests. With $669B in assets under management, $458B ESG-integrated, AB's values drive purpose, mission, and actions towards distinctive knowledge, integrity, and investment in one another.
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