AllianceBernstein's August AUM Rises on Market Appreciation

AllianceBernstein Holding L.P. (AB) has announced assets under management (AUM) for August 2024. The company’s preliminary month-end AUM of $791 billion reflects a 1.8% increase from the end of July 2024.The rise was primarily driven by market appreciation. This was partly offset by net outflows in the Institutions channel.At the end of August, AllianceBernstein’s Equity AUM rose 1.5% sequentially to $336 billion. Alternatives/Multi-Asset Solutions AUM (including certain multi-asset services and solutions) ...