AllianceBernstein Holding L.P. (AB)

AllianceBernstein Holding L.P. and its subsidiaries provide investment management and related services to institutional clients, retail clients, and private clients in the United States and internationally. It offers institutional investment services, including separately managed accounts, sub-advisory relationships, structured products, group trusts, mutual funds, and other investment vehicles to unaffiliated corporate and public employee pension funds, endowment funds, domestic and foreign institutions, and governments and affiliates. The company’s retail services comprise retail mutual funds, sub-advisory relationships with mutual funds sponsored by third parties, and separately managed account programs sponsored by various financial intermediaries. It provides separately managed accounts, hedge funds, mutual funds, and other investment vehicles for private clients, including high-net-worth individuals, trusts and estates, charitable foundations, partnerships, and private and family corporations. It also offers in-depth and independent fundamental research, portfolio strategy, trading, and brokerage-related services to institutional investors, such as pension fund, hedge fund, and mutual fund managers, as well as to other institutional investors. In addition, AllianceBernstein provides distribution, shareholder servicing, and administrative services to its sponsored mutual funds. The company was founded in 1987. It was formerly known as Alliance Capital Management Holding L.P. and changed its name to AllianceBernstein Holding L.P. in 2006. AllianceBernstein is based in New York, New York.

For the nine months ended 30 September 2006, AllianceBernstein Holding LP's revenues increased 20% to $2.76B. Net income increased 32% to $215.6M. Revenues reflect higher investment advisory & services and improved institutional research services. Net income also reflects a decrease in distribution plan payments, lower amortization of deferred sales commissions and an increase in operating margins.