] assets under management rose last month, despite what the firm called "modestly negative" net flows.
Today the New York City-based asset manager revealed
in its monthly AUM update that its AUM rose 2.1 percent last month to $444 billion thanks mostly to market appreciation. The S&P 500 rose 4.9 percent in July.
"Net inflows to Institutions more than offset outflows from Retail and Private Client," AllianceBernstein's update reads.
Of that $444 billion on July 31, 51 percent was from the institutional channel, 33 percent from retail and 15 percent from private client.
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