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AB - AllianceBernstein Holding reports uptick in May's asset under management
Alliance Bernstein Holding L.P. Units
AllianceBernstein Holding (NYSE:AB) reported May AUM at $687B, up from April's $685B AUM. The asset management company stated Friday the increase was due to firm-wide net inflows and slight market appreciation. AUM By Channel: Institutions, $308B (vs. $305B in April); Retail, $269B (Vs. $270B); and Private Wealth, $110B (flat). Stock is down 1% in after-hours trading. Earlier (May 18): Republicans introduce bill to curb asset managers' power over proxy votes (updated)