AllianceBernstein L.P. (“AB”) and AllianceBernstein Holding L.P. (“AB Holding”) (NYSE: AB) today reported financial and operating results for the quarter ended March 31, 2018.
“Following a robust 2017, mounting concerns over inflation, rising interest rates and geopolitical events made for turbulent markets in the first quarter of 2018,” said Seth P. Bernstein, President and CEO of AllianceBernstein. “While this volatility affected AB’s flows, most of our investment strategies performed exceptionally well. More than 75% and 80% of our total assets were in outperforming services for the three- and five-year periods through quarter-end.”
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