Watch breaking news videos and read news updates about AllianceBernstein on pionline.com
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.
Marathon liquidated PPIP fund after earning Treasury 25% return
trueMarathon Asset Management, one of nine firms selected in the credit crisis to manage a government-subsidized program to revive the mortgage-bond market, liquidated its fund after handing the U.S. Treasury a 25% return.
AllianceBernstein sees drop in AUM for quarter, but increase for year
trueAllianceBernstein on Wednesday reported assets under management of $434.6 billion as of June 30, down 1.9% from three months earlier but up 6.7% from a year earlier.
AllianceBernstein hires sales and client service exec for new position
trueNina Tannenbaum was named managing director of alternative sales and client services at AllianceBernstein.
New Mexico Educational Retirement to look for consultant, picks 3 managers
trueNew Mexico Educational Retirement Board plans to launch an RFP for general investment consultant later this month. The pension fund also hired three managers to run $940 million.
Hedged global bonds could be answer to DC volatility problem
trueMany defined contribution plan sponsors are seeking solutions aimed at reducing undue volatility — excess volatility without a commensurate increase in return — that can prevent a plan and its participants from achieving their long-term objectives. Our research suggests hedged global bonds may be ...
DC plans need simpler menus, DCIIA study finds
trueDefined contribution plan executives need to simplify investment lineups but still focus on participants' investment styles, DCIIA study suggests.
AllianceBernstein's assets tick up 3.1% in quarter, 5.8% in year
trueAllianceBernstein had $443.2 billion in assets under management as of March 31, a 3.1% increase from three months earlier and a 5.8% gain from the first quarter of 2011.
AllianceBernstein EMEA client director departs
trueRichard Haxe, senior managing director and co-head of the client group for Europe, the Middle East and Africa at AllianceBernstein, is leaving the company.
AllianceBernstein rides market gains to 2.9% Q3 asset boost
trueAllianceBernstein on Wednesday reported $418.9 billion in assets under management as of Sept. 30, up 2.9% from the previous quarter and 4.2% higher than the previous year.
AllianceBernstein liquidates Public-Private Investment Program fund for Treasury
trueAllianceBernstein on Tuesday liquidated its Legacy Securities Fund, part of the U.S. Treasury's Public-Private Investment Program.
Alternatives client-service duo joins AllianceBernstein
trueGeorge Yepes and Jeff Saltzman have joined AllianceBernstein as managing directors and alternatives specialists.
Bridgewater adds Nagaswami as senior strategist
trueRanji H. Nagaswami, who had been adviser to the $122 billion New York City Retirement Systems, was hired by hedge fund manager Bridgewater Associates to serve in a “senior strategist role.”