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AB - AllianceBernstein AUM slips 1% in May hurt by market weakness
Alliance Bernstein Holding L.P. Units
2023-06-12 16:50:09 ET
AllianceBernstein Holding ( NYSE: AB ) posted assets under management of $670B at the end of May, down from $676B at end-April, as market depreciation offset net inflows , the firm said Monday.
Equity AUM of $284B at May 31 slipped from $287B at April 30. Similarly, fixed income AUM ticked down to $262B from $263B, and alternatives/multi-asset solutions AUM of $124B dipped 1.6%.
Shares of the investment manager edged up 0.7% in after-hours trading.