AllianceBernstein Reports Marginal Increase in Assets Under Management for January 2024
AllianceBernstein L.P., a global investment management firm, reported a marginal increase in assets under management (AUM) for January 2024. AUM rose to $726 billion, up from $725 billion at the end of December, reflecting market gains which were partially offset by net outflows.
The firm’s Retail channel experienced net inflows, which were counterbalanced by net outflows from its Institutions and Private Wealth channels. The AUM composition as of January 31, 2024, included $309 billion in total equity, with actively managed and passive equity funds holding $247 billion and $62 billion, respectively. Fixed income assets amounted to $281 billion, with taxable fixed income at $208 billion and tax-exempt fixed income at $62 billion. Alternatives and multi-asset solutions contributed $136 billion to the total AUM.
The forward-looking statements in the press release caution investors about potential risks and uncertainties that could significantly impact future results. These factors include market performance, economic conditions, regulatory changes, and the tax treatment of earnings for publicly traded partnerships.
AllianceBernstein, recognized as a leading investment firm, provides research and diversified investment services globally to institutional clients, individuals, and private wealth clients. As of December 31, 2023, AllianceBernstein Holding owned approximately 39.5% of the firm, with Equitable Holdings, Inc. holding a 61.2% economic interest.
Analyst comment
Positive news. The marginal increase in AUM indicates market gains, but net outflows partially offset the growth. The Retail channel experienced net inflows, while Institutions and Private Wealth channels had net outflows. The firm’s AUM composition includes actively managed and passive equity funds, fixed income assets, and alternatives/multi-asset solutions. Forward-looking statements caution potential risks. As a leading investment firm, AllianceBernstein will continue to provide research and investment services globally.
