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AllianceBernstein Holding L.P. Announces First Quarter Results


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NEW YORK, April 29, 2021 /PRNewswire/ AllianceBernstein L.P. ( AB ) and AllianceBernstein Holding L.P. ( AB Holding ) (NYSE: AB) today reported financial and operating results for the quarter ended March 31, 2021.
Our globally diversified platform continued to drive balanced and consistent organic growth, in a dynamic market environment, said Seth P. Bernstein, President and CEO of AllianceBernstein. We generated active net inflows of $6.5 billion, or 4% annualized organic growth. Aligned with our firm strategy, net inflows across all three client channels were driven by strength in active equities (including ESG), alternatives, and municipals. Our investment teams delivered improved near-term fixed income performance and solid long-term performance on behalf of our clients, with over 65% of both fixed income and equity assets outperforming on a 5-year basis. Coupled with tight expense management and continued COVID-19 relat ....

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