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Rating:Market Depreciation in Fixed Income Takes Its Toll on a New York Firm Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, June 12, 2013

Market Depreciation in Fixed Income Takes Its Toll on a New York Firm

Reported by Nicole Spector

AllianceBernstein [profile] announced a billion dollar decrease today in its preliminary assets under management.

The NYC-based company's assets decreased from the $453 billion between end of April and during May 2013 from $452 billion at the end of April. The company says that the 0.2% decrease was largely driven by market depreciation in fixed income, citing the negative impact of foreign exchange in particular. For more, including charts and graphs, see the press release here.  

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