 | Philip Talamo, Investor Relations 212.969.2383 ir@alliancebernstein.com | John Meyers, Media 212.969.2301 pr@alliancebernstein.com |
News Release
AllianceBernstein Announces September 30, 2007 Assets Under Management
Third Quarter 2007 Earnings Conference Call to be Held at 5:00 P.M. (EDT) on October 24, 2007
New York, NY, October 9, 2007– AllianceBernstein Holding L.P. (NYSE: AB) and AllianceBernstein L.P. today reported that during the month of September, preliminary assets under management increased by approximately $30 billion, or 3.9%, to $813 billion at September 30, 2007, the result of strong investment returns, with the exception of certain hedge fund services which performed poorly. AUM was also negatively affected by net outflows, stemming from the termination of approximately $6 billion in index mandates.
ALLIANCEBERNSTEIN L.P. | ||||||||||||||||||||
(THE OPERATING PARTNERSHIP) | ||||||||||||||||||||
ASSETS UNDER MANAGEMENT | ||||||||||||||||||||
| ($ billions) | ||||||||||||||||||||
At September 30, 2007 (preliminary) | At Aug. 31, 2007 | |||||||||||||||||||
Institutional Investments | Retail | Private Client | Total | Total | ||||||||||||||||
Equity | ||||||||||||||||||||
| Value | $ | 250 | $ | 94 | $ | 54 | $ | 398 | $ | 379 | ||||||||||
| Growth | 119 | 49 | 28 | 196 | 183 | |||||||||||||||
Total Equity | 369 | 143 | 82 | 594 | 562 | |||||||||||||||
Fixed Income | 124 | 41 | 29 | 194 | 191 | |||||||||||||||
Index/Structured | 20 | 5 | - | 25 | 30 | |||||||||||||||
Total | $ | 513 | $ | 189 | $ | 111 | $ | 813 | $ | 783 | ||||||||||
At August 31, 2007 | ||||||||||||||||||||
Total | $ | 494 | $ | 182 | $ | 107 | $ | 783 | ||||||||||||
CONFERENCE CALL INFORMATION RELATING TO THIRD QUARTER 2007 RESULTS
OCTOBER 24, 2007 AT 5:00 P.M. (Eastern Daylight Time)
AllianceBernstein’s management will review third quarter 2007 financial and operating results on Wednesday, October 24, 2007, during a conference call beginning at 5:00 p.m. (EDT), following the release of its financial results after the close of the New York Stock Exchange. The conference call will be hosted by Lewis A. Sanders, Chairman and Chief Executive Officer, and Gerald M. Lieberman, President and Chief Operating Officer.
Parties may access the conference call by either webcast or telephone:
| 1. | To listen by webcast, please visit AllianceBernstein’s Investor Relations website at http://ir.alliancebernstein.com/investorrelations at least fifteen minutes prior to the call to download and install any necessary audio software. |
| 2. | To listen by telephone, please dial (866) 556-2265 in the U.S. or (973) 935-8521 outside the U.S., 10 minutes before the 5:00 p.m. (EDT) scheduled start time. The conference ID# is 9323252. |
The presentation that will be reviewed during the conference call is expected to be available on AllianceBernstein’s Investor Relations website shortly after the release of third quarter 2007 financial results on October 24, 2007.
An audio replay of the conference call will be made available beginning at approximately 7:00 p.m. (EDT) on October 24, 2007 and will be available for one week. To access the audio replay, please call (877) 519-4471 from the U.S., or outside the U.S., call (973) 341-3080, and provide the conference ID# 9323252. The replay will also be available via webcast on AllianceBernstein’s website for one week.
About AllianceBernstein
AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional clients, individuals and private clients in major markets around the world. AllianceBernstein employs more than 500 investment professionals with expertise in growth equities, value equities, fixed income securities, blend strategies and alternative investments and, through its subsidiaries and joint ventures, operates in more than 20 countries. AllianceBernstein’s research disciplines include fundamental research, quantitative research, economic research and currency forecasting capabilities. Through its integrated global platform, AllianceBernstein is well-positioned to tailor investment solutions for its clients. AllianceBernstein also offers in-depth, fundamental, independent research, plus portfolio strategies, trading and brokerage-related services to its institutional investor clients.
At September 30, 2007, AllianceBernstein Holding L.P. (“Holding”) owned approximately 33.3% of the issued and outstanding AllianceBernstein Units. AXA Financial was the beneficial owner of approximately 62.8% of the AllianceBernstein Units at September 30, 2007 (including those held indirectly through its ownership of approximately 1.7% of the issued and outstanding Holding Units) which, including the general partnership interests in AllianceBernstein and Holding, represent an approximate 63.2% economic interest in AllianceBernstein. AXA Financial is a wholly-owned subsidiary of AXA, one of the largest global financial services organizations.
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Forward-Looking Statements
Certain statements in this news release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. The most significant of these factors include, but are not limited to, the following: the performance of financial markets, the investment performance we achieve for our clients, general economic conditions, future acquisitions, competitive conditions, and government regulations, including changes in tax rates. We caution readers to carefully consider our forward-looking statements in light of these factors. Further, these forward-looking statements speak only as of the date on which such statements are made; we undertake no obligation to update any forward-looking statements to reflect subsequent events or circumstances. For further information regarding these forward-looking statements and the factors that could cause actual results to differ, see “Risk Factors” in Item 1A of Form 10-K for the year ended December 31, 2006. Any or all of the forward-looking statements that we make in Form 10-K, this news release, or any other public statements we issue may turn out to be wrong. Of course, factors other than those listed in “Risk Factors” could also adversely affect our revenues, financial condition, results of operations, and business prospects.
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