MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, October 8, 2012 Barron's Sees a Rebirth at AllianceBernstein Don't call it a comeback; AllianceBernstein [profile] has been here for years. Actually, calling it a comeback probably makes sense. As Barron's reports, the New York City-based mutual fund shop is finally making moves to recover from losses in the 2008 financial crisis. Barron's makes special note of the high-performing AllianceBernstein High Income fund, which is beating rivals. "We're making great progress in repositioning our firm for a strong future," says CEO Peter Kraus to Barron's. The article, written by Barron's reporter Steve Garmhausen, details just how the shop fell so far — bad bets under a former CEO led to massive outflows of money, including one fund which has shrunk from $13.1 billion to $700 million since 2007. Printed from: MFWire.com/story.asp?s=41549 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |