AllianceBernstein Announces Assets Under Management

AllianceBernstein L.P. and AllianceBernstein Holding L.P. AB today announced that preliminary assets under management increased to $484 billion from $467 billion during September 2010. The 3.7% increase was due to positive equity investment returns, partially offset by net asset outflows mainly from institutional accounts. Two accounts - a non-actively managed account, which generates substantially lower fees than other such accounts, and a U.S. Large Cap Growth account - comprised half of the institutional outflows.