StockNews.AI
AB
StockNews.AI
218 days

AB Announces December 31, 2024 Assets Under Management

1. AB's assets under management (AUM) fell to $792 billion in December. 2. December saw $5.0 billion in firmwide net outflows, reflecting market pressures. 3. Net outflows occurred across institutions, retail, and private wealth channels. 4. Market depreciation significantly impacted AB's AUM decline this month. 5. AUM decreased by 2.6% compared to the previous month.

9m saved
Insight
Article

FAQ

Why Bearish?

The decline in AUM and net outflows can negatively influence investor sentiment, similar to past AUM reductions leading to stock price drops in asset management firms.

How important is it?

The decrease in AUM and net outflows directly impacts AB's operational performance and market perception, especially in the investment management sector.

Why Short Term?

Immediate market reactions to AUM drops are often swift, resembling past scenarios where AUM dips affected stock prices quickly.

Related Companies

EQH
, /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management decreased to $792 billion during December 2024 from $813 billion at the end of November. Market depreciation, coupled with net outflows across all three channels (Institutions, Retail and Private Wealth), resulted in a 2.6% decline in month-end AUM during the month of December. For the quarter-ended December 2024, preliminary firmwide net outflows totaled $5.0 billion.  AllianceBernstein L.P. (The Operating Partnership) Assets Under Management ($ in Billions) At December 31, 2024 Nov 30, 2024 Private Institutions Retail Wealth Total Total Equity Actively Managed $ 49 $ 161 $ 54 $ 264 $ 272 Passive 25 37 6 68 71 Total Equity 74 198 60 332 343 Fixed Income Taxable 117 74 19 210 215 Tax-Exempt 1 45 30 76 77 Passive — 10 — 10 11 Total Fixed Income 118 129 49 296 303 Alternatives/Multi-AssetSolutions(1) 129 7 28 164 167 Total $ 321 $ 334 137 792 813 At November 30, 2024 Total $ 331 $ 342 $ 140 $ 813 (1) Includes certain multi-asset solutions and services not included in equity or fixed income services. Cautions Regarding Forward-Looking Statements Certain statements provided by management in this news release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. The most significant of these factors include, but are not limited to, the following: the performance of financial markets, the investment performance of sponsored investment products and separately-managed accounts, general economic conditions, industry trends, future acquisitions, integration of acquired companies, competitive conditions, and government regulations, including changes in tax regulations and rates and the manner in which the earnings of publicly-traded partnerships are taxed. AB cautions readers to carefully consider such factors. Further, such forward-looking statements speak only as of the date on which such statements are made; AB undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements. For further information regarding these forward-looking statements and the factors that could cause actual results to differ, see "Risk Factors" and "Cautions Regarding Forward-Looking Statements" in AB's Form 10-K for the year ended December 31, 2023 or form 10-Q for the quarter ended September 30, 2024. Any or all of the forward-looking statements made in this news release, Form 10-K, Form 10-Q, other documents AB files with or furnishes to the SEC and any other public statements issued by AB, may turn out to be wrong. It is important to remember that other factors besides those listed in "Risk Factors" and "Cautions Regarding Forward-Looking Statements", and those listed above, could also adversely affect AB's financial condition, results of operations and business prospects. About AllianceBernstein AllianceBernstein is a leading global investment management firm that offers  diversified investment services to institutional investors, individuals and private wealth clients in major world markets. As of December 31, 2024, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately 37.5% of AllianceBernstein and Equitable Holdings, Inc. ("EQH"), directly and through various subsidiaries, owned an approximate 61.9% economic interest in AllianceBernstein. Additional information about AB may be found on our website, www.alliancebernstein.com. SOURCE AllianceBernstein WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News