AllianceBernstein's (AB) February AUM Up on Market Appreciation

AllianceBernstein Holding L.P. (AB) announced assets under management (AUM) for February 2024. The company’s preliminary month-end AUM of $745 billion reflects a 2.6% rise from the end of January 2024.The increase was mainly driven by market appreciation and positive net flows across all channels.At the end of February, AllianceBernstein’s Equity AUM increased 4.9% on a sequential basis to $324 billion. Alternatives/Multi-Asset Solutions AUM (including certain multi-asset services and solutions) rose 1.5% t ...