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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.
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.