Asset Management

AllianceBernstein Witnesses Modest AUM Growth in January 2024

AllianceBernstein L.P. reportedly saw a small rise in its assets under management (AUM) for January 2024. The firm's AUM increased to $726 billion, a slight uptick from the $725 billion recorded at the end of the previous month.

This growth was attributed to market gains, although it was somewhat diminished by net outflows, according to an Investing.com report.

In terms of channel performance, the Retail segment reported net inflows, which were offset by net outflows from the Institutions and Private Wealth segments. As of the end of January 2024, the breakdown of AUM included $309 billion in equities, with actively managed equity funds comprising $247 billion and passive equity funds accounting for $62 billion. The fixed income portfolio was valued at $281 billion, including $208 billion in taxable and $62 billion in tax-exempt fixed income. Additionally, alternatives and multi-asset solutions made up $136 billion of the overall AUM.

The company also highlighted potential risks and uncertainties in its forward-looking statements, pointing out factors such as market performance, economic conditions, regulatory shifts, and the tax implications for publicly traded partnerships that could significantly affect future outcomes.

AllianceBernstein is recognized for its comprehensive research and diverse investment services offered worldwide to a broad client base, including institutional, individual, and private wealth clients. As of the end of 2023, AllianceBernstein Holding held a 39.5% stake in the company, while Equitable Holdings, Inc. owned a 61.2% economic interest.