AllianceBernstein (AB) May AUM Up on Favorable Markets, Inflows

AllianceBernstein Holding L.P. (AB) has announced assets under management (AUM) for May 2024. The company’s preliminary month-end AUM of $757 billion reflects 2.9% growth from the end of April 2024.The increase was primarily driven by market appreciation and net inflows in the Retail and Institutions channels. AB recorded net outflows in the Private Wealth channel.At the end of May, AllianceBernstein’s Equity AUM grew 3.8% on a sequential basis to $324 billion. Alternatives/Multi-Asset Solutions AUM (includ ...