EXHIBIT 99.01
 | Philip Talamo, Investor Relations 212.969.2383 ir@alliancebernstein.com | John Meyers, Media 212.969.2301 pr@alliancebernstein.com |
News Release
AllianceBernstein Announces November 30, 2007 Assets Under Management
New York, NY, December 11, 2007– AllianceBernstein Holding L.P. (NYSE: AB) and AllianceBernstein L.P. today reported that during the month of November, preliminary assets under management decreased by approximately $31 billion, or 3.7 %, to $806 billion at November 30, 2007, with negative investment returns partially offset by net in-flows in the Institutional Investments and Private Client channels.
ALLIANCEBERNSTEIN L.P.
(THE OPERATING PARTNERSHIP)
ASSETS UNDER MANAGEMENT
($ billions)
At November 30, 2007 | At Oct. 31, | |||||||||||||||||||
(preliminary) | 2007 | |||||||||||||||||||
Institutional | Private | |||||||||||||||||||
Investments | Retail | Client | Total | Total | ||||||||||||||||
Equity | ||||||||||||||||||||
| Value | $ | 245 | $ | 92 | $ | 52 | $ | 389 | $ | 410 | ||||||||||
| Growth | 120 | 49 | 28 | 197 | 205 | |||||||||||||||
Total Equity | 365 | 141 | 80 | 586 | 615 | |||||||||||||||
Fixed Income | 127 | 40 | 30 | 197 | 197 | |||||||||||||||
Index/Structured | 18 | 5 | - | 23 | 25 | |||||||||||||||
Total | $ | 510 | $ | 186 | $ | 110 | $ | 806 | $ | 837 | ||||||||||
At October 31, 2007 | ||||||||||||||||||||
Total | $ | 530 | $ | 194 | $ | 113 | $ | 837 | ||||||||||||
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.
Cautions regarding 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 and in Part II, Item 1A of Form 10-Q for the quarter ended September 30, 2007. Any or all of the forward-looking statements that we make in Form 10-K, Form 10-Q, 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” and those listed below could also adversely affect our revenues, financial condition, results of operations, and business prospects.
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