AB - AllianceBernstein AUM decreases 2.2% in February due to market depreciation
2023-03-09 16:58:49 ET
- AllianceBernstein ( NYSE: AB ) said Thursday its preliminary assets under management decreased 2.2% sequentially to $665B during February as firmwide net inflows were offset by market depreciation.
- Net inflows to Retail and Private Wealth were partially offset by modest Institutional net outflows.
- Equity AUM stood at $282B at February 28, fixed income AUM totaled $258B, while alternatives/multi-asset solutions AUM reached $665B.
- Earlier, AllianceBernstein ( AB ) was raised to Outperform at Credit Suisse after Q4 earnings beat .
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AllianceBernstein AUM decreases 2.2% in February due to market depreciation