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AB - AllianceBernstein reports 3.6% drop in January AUM
Alliance Bernstein Holding L.P. Units
AllianceBernstein (NYSE:AB) reported prelim AUM of $751B in January 2022 compared to $779B at the end of December. During the month, the firm experienced inflows to its low-fee Customized Retirement Strategies platform of $9.6B. Firmwide net inflows were offset by market depreciation, driving the 3.5% decrease. By channel, Institutional & Private Wealth generated inflows while Retail flows were essentially flat. Shares trading 1.5% higher premarket.