Exhibit 99.08
News Release | 
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FOR IMMEDIATE RELEASE | | |
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Contacts: | | Valerie Haertel (Investor Relations)
(212) 969-6414
investor_relations@acml.com | | John Meyers (Media)
(212) 969-2301
john_meyers@acml.com |
ALLIANCE CAPITAL ANNOUNCES MARCH 31, 2003 ASSETS UNDER MANAGEMENT
FIRST QUARTER EARNINGS CONFERENCE CALL TO BE HELD ON APRIL 29, 2003
New York, NY, April 11, 2003 — Alliance Capital Management Holding L.P. (“Alliance Holding”) (NYSE: AC) and Alliance Capital Management L.P. (“Alliance Capital”) today reported preliminary assets under management (AUM) of approximately $387 billion at March 31, 2003 compared to $382 billion at February 28, 2003 and $452 billion at March 31, 2002.
ALLIANCE CAPITAL MANAGEMENT L.P.
(THE OPERATING PARTNERSHIP)
ASSETS UNDER MANAGEMENT
($ billions)
| | At March 31, 2003
(preliminary) | | At Feb 28,
2003 | | At Dec 31,
2002 | | At Mar 31,
2002 | |
| | Retail | | Institutional
Investment
Management | | Private
Client | | Total | | Total | | Total | | Total | |
Equity | | | | | | | | | | | | | | | |
Growth | | $ | 37 | | $ | 63 | | $ | 4 | | $ | 104 | | $ | 103 | | $ | 109 | | $ | 166 | |
Value | | 22 | | 51 | | 24 | | 97 | | 95 | | 99 | | 108 | |
Total Equity | | 59 | | 114 | | 28 | | 201 | | 198 | | 208 | | 274 | |
| | | | | | | | | | | | | | | |
Fixed Income | | 72 | | 80 | | 12 | | 164 | | 162 | | 156 | | 147 | |
| | | | | | | | | | | | | | | |
Passive | | 3 | | 19 | | 0 | | 22 | | 22 | | 23 | | 31 | |
| | | | | | | | | | | | | | | |
Total | | $ | 134 | | $ | 213 | | $ | 40 | | $ | 387 | | $ | 382 | | $ | 387 | | $ | 452 | |
CONFERENCE CALL INFORMATION RELATING TO FIRST QUARTER 2003 RESULTS
Alliance Capital’s management will review first quarter 2003 financial and operating results on Tuesday, April 29, 2003, during a conference call at 3:00 p.m. (New York Time) that will be hosted by Chairman and Chief Executive Officer, Bruce W. Calvert; President and Chief Operating Officer, John D. Carifa; and Vice Chairman and Chief Investment Officer, Lewis A. Sanders.
Parties interested in listening to the conference call may access it by either telephone or webcast.
1. To listen by telephone, please dial 888-428-4479 in the U.S. or 612-332-7517 outside the U.S., ten minutes before the 3:00 p.m. (New York Time) scheduled start time. Please indicate access code “Alliance” when dialing in.
2. To listen by webcast, please visit Alliance Capital’s Investor Relations website at http://ir.alliancecapital.com at least fifteen minutes prior to the call to download and install any necessary audio software.
The presentation slides that will be reviewed during the conference call are expected to be available on the morning of April 29, 2003 on Alliance Capital’s website at the above web address.
A replay of the conference call will be made available for one week beginning at 6:30 p.m. (New York Time) April 29, 2003. In the U.S. please call 800-475-6701 or for callers outside the U.S. 320-365-3844, and provide the access code 680945. The replay will also be available via webcast on Alliance Capital’s website for one week.
ABOUT ALLIANCE CAPITAL
Alliance Capital is a leading global investment management firm providing investment management services for many of the largest U.S. public and private employee benefit plans, foundations, public employee retirement funds, pension funds, endowments, banks, insurance companies and high-net-worth individuals worldwide. Alliance Capital is also one of the largest mutual fund sponsors, with a diverse family of globally distributed mutual fund portfolios. As one of the world’s leading global investment management organizations, Alliance Capital is able to compete for virtually any portfolio assignment in any developed capital market in the world.
Alliance Holding owns approximately 30.7% of the units of limited partnership interest in Alliance Capital. AXA Financial, Inc. owns approximately 1.9% of the outstanding publicly traded Alliance Holding Units and approximately 54.7% of the outstanding Alliance Capital Units, which, including the general partnership interests in Alliance Capital and Alliance Holding, represent an approximate 55.7% economic interest in Alliance Capital. AXA Financial, Inc. is a wholly owned subsidiary of AXA, one of the largest global financial services organizations. Additional information may be found at www.alliancecapital.com.
Forward-Looking Statements
Certain statements provided by Alliance Capital and Alliance Holding in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. The most significant of such factors include, but are not limited to, the following: the performance of financial markets, the investment performance of Alliance Capital’s sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions, and government regulations, including changes in tax rates. Alliance Capital and Alliance Holding caution readers to carefully consider such factors. Further, such forward-looking statements speak only as of the date on which such statements are made; Alliance Capital and Alliance Holding undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.
