AllianceBernstein Holding L.P. reported strong third-quarter results with firmwide assets under management (AUM) reaching $860 billion, while net flows remained positive at $1.7 billion, driven by robust demand for tax-exempt fixed income and private alternatives.
- Record AUM of $153 billion in Bernstein Private Wealth; firm AUM grew by $12 billion quarter-over-quarter.
- Positive net flows of $1.7 billion, excluding $4 billion related to the Equitable RGA reinsurance deal, marking 11 consecutive quarters of organic growth.
- Significant inflows into tax-exempt fixed income, generating over $4 billion, and nearly $3 billion into private markets, showcasing a diversified client demand.
- New strategic partnership with Fortitude aims to enhance the insurance asset management business and facilitate growth in Asia Pacific.
- Continued success in active management, with 86% of fixed-income AUM outperforming benchmarks over the past three years.
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