Note: Alliance Capital Management LP officially changed its name to AllianceBernstein L.P. on February 24, 2006.
AllianceBernstein LPNYSE: AB administers more than 100 mutual funds, including specialized funds for health care, technology, and Asia-based concerns. The firm serves such institutions as pension funds, corporations, and not-for-profits; it also oversees retail investor accounts and manages a large high net worth client business. As of March 31 2007, AllianceBernstein managed approximately $742 billion in client assets under management. The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... The central idea of a mutual fund is to enable investors to pool their money and place it under professional investment management. ... Assets under management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to guage how much money they are managing. ...
AllianceBernstein L.P. owns Sanford C. Bernstein & Co., LLC, known for investment research and private client services.
Company owners
French insurer AXA owns more than half of the company. AXA (Euronext: CS, NYSE: AXA) is a French insurance company and the worlds second largest insurance company with its 189 000 employees and 122 billions dollars of revenues in 2004. ...
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