News Column

AllianceBernstein Holding L.P. Announces Fourth Quarter Results

March 1, 2014

By a News Reporter-Staff News Editor at Investment Weekly News -- AllianceBernstein L.P. ("AllianceBernstein") and AllianceBernstein Holding L.P. ("AllianceBernstein Holding") (NYSE: AB) reported financial and operating results for the quarter ended December 31, 2013.

"The fourth quarter of 2013 capped another year of progress for AllianceBernstein in executing our long-term growth strategy," said Peter S. Kraus, Chairman and Chief Executive Officer. "We completed our purchase of the US concentrated growth equity manager W.P. Stewart and just reached an agreement to acquire CPH Capital, a Danish global core equity manager. We also added $3 billion in diverse new business mandates to our Institutional pipeline, and expanded our adjusted operating margin for the sixth straight quarter."

Keywords for this news article include: Banking and Finance, AllianceBernstein L.P..

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Source: Investment Weekly News

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