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AllianceBernstein reports 1.5% AUM drop in quarter despite institutional inflows
trueAllianceBernstein reported $473 billion in assets under management as of Sept. 30, a 1.5% decrease from the previous quarter but a 6.2% increase from a year earlier.
PIMCO's loss could be these fund companies' gain
truePacific Investment Management Co.'s CEO Douglas Hodge said the firm is expecting and is ready for client redemptions following the departure of co-founder William H. Gross.
AllianceBernstein adds 2 to DC practice
truestrong>Mark Brown was named managing director for defined contribution products at AllianceBernstein.
The illusion of liquidity
truePension fund executives, like many investors, historically have been willing to pay a premium for liquidity. Lately, though, they've started to realize that, for many investments, liquidity can be an illusion. When the 2008 financial crisis hit, only the very highest-quality assets — such as U.S. ...
AllianceBernstein sees rebuilding efforts paying off
trueAllianceBernstein LP appears to have dug itself out of the hole it's been in since the global financial crisis, reporting its highest quarterly institutional net inflows during its second quarter since 2007.
AllianceBernstein assets advance 5.7% in quarter
trueAllianceBernstein reported $480.2 billion in assets under management as of June 30, a 5.7% increase from the previous quarter and up 10.5% from a year earlier.
AllianceBernstein chooses global head of product strategy
trueRobert Hostetter was named global head of product strategy at AllianceBernstein.
AllianceBernstein AUM inches up 0.8% despite continued outflows
trueAllianceBernstein had $454.1 billion in assets under management as of March 31, a 0.8% increase from three months earlier and a 2.4% gain from a year earlier.
AllianceBernstein hires senior client service officer for DC business
trueRoberta Matheny was named vice president and senior client service officer at AllianceBernstein.
AllianceBernstein chooses managing director for alternatives business
trueMichael H. Conn was named managing director, strategy, operations and development, at AllianceBernstein, supporting the firm’s fund-of-funds business.
AllianceBernstein adds head of alternatives product management
trueChristine Johnson was named senior vice president, head of alternatives product management, at AllianceBernstein.
AllianceBernstein adds co-head of North American institutional business
trueRichard Davies was named senior vice president and co-head of North American institutional at AllianceBernstein.
Rhode Island makes changes to investment options for 529 plan
trueRhode Island Higher Education Assistance Authority, Providence, approved changes to the state's 529 plan, CollegeBoundfund, at a meeting on Monday, confirmed Gail Mance-Rios, acting executive director, in an e-mail.
Managers see deeper emerging-market bond rout on rising rates
trueWall Street’s biggest firms are predicting intensifying bond losses in emerging markets, where borrowing costs already have soared to the highest in more than four years vs. U.S. corporate debt, as the Federal Reserve considers curtailing record stimulus.
AllianceBernstein to buy equity shop W.P. Stewart
trueAllianceBernstein has entered into an agreement to acquire W.P. Stewart & Co., according to Jonathan Freedman, a spokesman for AllianceBernstein. Upon completion of the acquisition, W.P. Stewart's investment strategies will be added to AllianceBernstein's equity offerings.