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

AllianceBernstein Holding L.P. (AB) has announced assets under management (AUM) for March 2024. The company’s preliminary month-end AUM of $759 billion reflects a 5% rise from the end of February 2024.The increase was mainly driven by market appreciation, partly offset by net outflows. The company noted that excluding a $3 billion low-fee passive institutional redemption, net flows were positive for March and in each channel.At the end of March, AllianceBernstein’s Equity AUM increased 1.5% on a sequential ...