AllianceBernstein Reports Decrease in Assets Under Management as of December 31, 2024

AllianceBernstein's December 2024 AUM Report

In a recent announcement made on January 13, 2025, AllianceBernstein L.P. (AB) and its parent company AllianceBernstein Holding L.P. have reported a decline in their preliminary assets under management (AUM). As of December 31, 2024, the AUM fell to $792 billion, down from $813 billion at the end of November. The decline has been attributed to a combination of market depreciation and net outflows across all client segments, namely Institutions, Retail, and Private Wealth.

The total net outflows for the quarter that ended in December amounted to $5.0 billion, reflecting a challenging environment for asset managers in the current financial climate. This 2.6% drop in AUM is indicative of broader trends impacting the investment sector, with many firms facing similar issues of market volatility and investor withdrawal.

In terms of specific investments, the breakdown of AUM reveals that actively managed equity was a significant source of investment, amounting to $264 billion, while passive equity accounted for $68 billion. The total equity investments thus stood at $332 billion by the end of December.

On the fixed income front, taxable fixed income was reported at $210 billion, with an additional $76 billion held in tax-exempt assets. The fixed income segment as a whole reached $296 billion, showing that despite the overall drop, fixed income remains a substantial part of the firm’s offerings.

Furthermore, alternative investments and multi-asset solutions contributed significantly to the firm's financial standing, summing up to $164 billion in AUM. This shows the firm's strategy of diversifying its investment portfolio to appeal to various investor needs.

AllianceBernstein emphasizes the importance of awareness regarding forward-looking statements related to its reports. They caution that certain risks could lead to actual results differing from those anticipated, including fluctuations in financial markets, changing economic conditions, and evolving investor preferences. Overall, the firm acknowledges the necessity of adapting to these challenges while focusing on long-term growth and stability.

AB stands out as a renowned global investment management firm, delivering a range of diversified investment solutions aimed at institutional investors, high-net-worth individuals, and private wealth clients across key markets worldwide. As of the end of December 2024, AB Holding possessed an approximate 37.5% stake in AllianceBernstein, while Equitable Holdings Inc. maintained about 61.9% of the economic interest in the firm, demonstrating the robust corporate framework surrounding the investment management powerhouse.

For additional details regarding AB's investment strategies and future outlook, stakeholders can visit their official website at www.alliancebernstein.com. As the financial market landscape continues to evolve, firms like AllianceBernstein are tasked with not only navigating challenges but also capitalizing on opportunities to continue to grow and serve their client base effectively.