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AB Announces April 30, 2023 Assets Under Management

PR Newswire - Tue May 9, 2023

NASHVILLE, Tenn., May 9, 2023 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management ended April at $676 billion, unchanged versus March month-end. April AUM reflected slight market gains, offset by firm-wide net outflows. By channel, outflows were concentrated within Institutions reflecting previously announced redemptions of certain low-fee Custom Target Date and Fixed Income mandates. Private Wealth posted negative net flows while Retail net flows were flat.

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Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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