AllianceBernstein L.P.-AllianceBernstein's October AUM Declines on Unfavorable Market

AllianceBernstein Holding L.P. (AB) has announced assets under management (AUM) for October 2024. The company’s preliminary month-end AUM of $806 billion reflects a 2% decrease from the end of September 2024.The fall was primarily due to market depreciation. In October, firmwide net flows were stable.At the end of October, AllianceBernstein’s Equity AUM declined 2.1% sequentially to$ 333 billion. Alternatives/Multi-Asset Solutions AUM (including certain multi-asset services and solutions) was down 2.4% to $ ...