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AllianceBernstein to move into new Fifth + Broadway headquarters as early as July bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Among the players getting in on the explosion in special-purpose acquisition companies, or SPACs, is the investment manager AllianceBernstein, which managed $683 billion in client assets at the end of January. That month, the firm got in on the sponsoring game for the first time, meaning it will help a shell company hunt for a take-public target and may also be part of so-called PIPE financing via its own AB funds and accounts once the SPAC finds a deal. AB, as the asset manager is also known, co-sponsored a Nasdaq-listed SPAC called Healthcare Services Acquisition Corporation, where funds and accounts managed by BlackRock served as anchor investor. ....