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Alternatives

Investors continue to seek nontraditional ways to diversify portfolios with new sources of risk and return. We offer a variety of alternative strategies to meet evolving client needs.

  • Investment Strategies Strategies for diverse risk and return appetites
  • Research Expertise Experienced managers and innovative analysis
  • Investment Capabilities Wide-ranging expertise
  • Investment-Management Teams

We offer high-quality products in select areas. Since 2009, we have significantly increased our alternatives portfolio-management and research teams.

Additions since 2009:

11 Porfolio Managers

20 Research Analysis

9 Specialists

Growth in alternatives has been focused in areas that complement our traditional offerings, primarily through acquisitions of pedigreed talent:

  • Real Estate investment co-heads from Goldman Sachs and iStar Financial in 2009
  • Multi-Manager strategies team from SunAmerica Financial Group in 2010
  • Select US Equity team from Caxton Associates in 2011
  • Commercial Real Estate Debt CIO from Gramercy Capital Management in 2012

The agility to outperform: Our investment teams operate independently, but with access to the firm's broad infrastructure.

  • We offer institutional strength plus small-team agility
  • Our funds are managed by experienced investment teams and operate independently of the firm’s other asset managers
  • Investment teams focus solely on portfolio management; operations and investor relations are handled by others
  • We have a world-class global infrastructure and regulatory footprint
  • Risk management is twofold: the investment teams have accountability and are also overseen by a separate, independent risk-management team

Marc Gamsin
Head—Multi-Manager Strategies

Greg Outcalt
Co-CIO—Multi-Manager Strategies

Brahm Cramer
Co-Head—Real Estate Group

Jay Nydick
Co-Head—Real Estate Group

Roger Cozzi
CIO—Commercial Real Estate Lending

Michael Canter
CIO—Securitized Assets

Kurt Feuerman
CIO—Select US Equity

Michael DePalma
CIO—Quantitative
Investment Strategies

Ashwin Alankar
CIO—Enhanced Risk
Allocation Strategies

$16B Total AUM
$2B Liquid Alternatives
$1B Hedge Funds
$11B Multi-Manager
$2B Closed-End Drawdown Funds*

*Closed-end drawdown fund AUM based on committed capital

As of September 30, 2013

FEATURED SERVICES DESCRIPTION
The AllianceBernstein Securitized Assets Fund The AllianceBernstein Securitized Assets Fund ("ABSA") is an open-ended investment fund designed to take advantage of an emerging set of investment opportunities in mortgage finance. The Fund will seek to provide investors with attractive absolute risk adjusted returns through a combination of current income and capital gains across market cycles principally through investments in mortgage-related securities. The Fund’s target investments include primarily Non-Agency Residential Mortgage-Backed Securities ("Non-Agency RMBS"), commercial mortgage backed Securities ("CMBS") and Agency Mortgage-Backed Securities ("Agency MBS"). The Fund may also invest in other securitized assets including Asset Backed Securities ("ABS").
European Flexible European Flexible Equity seeks to achieve long term growth of capital. The Portfolio seeks to generate positive returns by employing an absolute return strategy without regard to indices and benchmarks. The Investment Manager pursues this approach emphasizing each of the following three components: (1) sector and security selection, (2) positivenet long exposures to European and/or other equities, and (3) a “beta” hedging strategy to flexibly adjust the Portfolio’s net long exposures to individual European markets, countries and sectors. In pursuing this strategy the Investment Manager employs a combination of “top-down” and “bottom-up” investment processes with the goal of identifying the most attractive European and other markets, countries, sectors and issuers, by drawing on the fundamental and quantitative research capabilities of the Investment Manager, andits economists’ macro-economic insights.
Unconstrained Bond The AllianceBernstein Unconstrained Bond Strategy is a benchmark agnostic, global multi-sector fixed income service. It is risk-focused and run with a long-short strategy, gaining most of its exposures through investments in highly liquid derivative instruments. The service features a risk-balanced beta core that drives the majority of our performance, an alpha component that reflects our highest conviction ideas, and a permanent tail hedging overlay that buffers performance in times of market stress. The service has historically had low correlation to traditional equity and bond indices.