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AB - AllianceBernstein prelim April AUM down 7% MoM at $685B
Alliance Bernstein Holding L.P. Units
AllianceBernstein (NYSE:AB) said Tuesday prelim. assets under management in Apr. decreased 7% to $685B from $735B at the end of Mar. The decline was due to market depreciation and firm-wide net outflows. Private wealth, retail and institutional channels each posted net outflows.