The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Wednesday, June 12, 2013|
Market Depreciation in Fixed Income Takes Its Toll on a New York Firm
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.
Printed from: MFWire.com/story.asp?s=44254
Copyright 2013, InvestmentWires, Inc.
All Rights Reserved