| Type | Publicly traded partnership |
|---|---|
| Traded as | NYSE: AB |
| Industry | Asset Management |
| Founded | 1967[1] |
| Headquarters | New York City, NY, USA |
| Key people | Peter S. Kraus, Chairman & CEO David A. Steyn, Chief Operating Officer |
| Products | Equities, fixed income, index funds, alternative investments, Independent Investment Research, Trading and Brokerage-Related Services |
| Revenue | $758 million (Q3-2010) |
| Employees | Approx. 4,300 |
| Parent | AXA Group |
| Website | www.alliancebernstein.com |
AllianceBernstein LP (NYSE: AB) is a US-based, global asset management firm, owned by the French insurance conglomerate, AXA, with approximately $402 billion in assets under management, as of September 30, 2011.
AllianceBernstein provides solution-based diversified investment management services worldwide to institutional, high-net-worth and retail individuals. AllianceBernstein’s investment services encompass value and growth equities, blend strategies, fixed income, alternatives, and asset allocation. AllianceBernstein also provides independent investment research, trading and brokerage-related services to institutional clients through Sanford C. Bernstein & Co. LLC and its London-based affiliate.
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AllianceBernstein was the product of a merger between two well-established firms, Alliance Capital and Sanford C. Bernstein & Co. initiated by its parent corporation, the AXA Group. Bernstein traces its origins back more than 40 years to when Sanford C. Bernstein founded the firm in 1967, as an investment-management firm for private clients. Alliance Capital was founded in 1971 when the investment management department of Donaldson, Lufkin & Jenrette, Inc., merged with the investment-advisory business of Moody's Investor Services, Inc. In October 2000, Alliance Capital acquired Sanford C. Bernstein to form AllianceBernstein.[1] In 2010 the firm announce plans to develop a risk parity strategy for its pension schemes that seek growth while minimizing volatility. [2]
AllianceBernstein serves several distinct groups of clients. They include private, institutional and retail clients. AllianceBernstein’s institutional clients consist of foundations & charities, sovereign wealth funds & central banks, financial services firms and insurance companies. AllianceBernstein’s sell-side research unit, Sanford C. Bernstein & Co. LLC., serves investment managers and investment consultants who use Bernstein’s research, quantitative strategies and tools, portfolio strategies and equity-trading execution.
AllianceBernstein’s asset management business operates in Europe, Asia, Pacific Rim, and the Americas.[1]