AllianceBernstein L.P.-AllianceBernstein's (AB) April AUM Falls on Market Depreciation

AllianceBernstein Holding L.P. (AB) has announced assets under management (AUM) for April 2024. The company’s preliminary month-end AUM of $737 billion reflects a 2.9% decline from the end of March 2024.The decrease was primarily due to market depreciation. This was partly offset by net inflows in the Retail channel. AB recorded net outflows in Institutions and Private Wealth channels.At the end of April, AllianceBernstein’s Equity AUM decreased 4.9% on a sequential basis to$ 313 billion. Alternatives/Multi ...