AllianceBernstein Holding L.P. (AB) is a global asset management firm providing investment management and research services worldwide to institutional, high-net-worth and retail investors. AllianceBernstein's headquarters are located in

Nashville Nashville, often known as Music City, is the capital and List of municipalities in Tennessee, most populous city in the U.S. state of Tennessee. It is the county seat, seat of Davidson County, Tennessee, Davidson County in Middle Tennessee, locat ...

, Tennessee; the firm also has locations throughout the world. It has approximately in

assets under management In finance, assets under management (AUM), sometimes called fund under management, refers to the total market value of all financial assets that a financial institution—such as a mutual fund, venture capital firm, or depository institutio ...

History

Origins

AllianceBernstein traces its origins back to the founding of Sanford C. Bernstein in 1967 as an investment-management firm for private clients. Sanford C. Bernstein & Company was originally co-founded by Zalman Bernstein, Paul P. Bernstein, Shepard D. Osherow,

Roger Hertog Roger Hertog (born July 5,1941) is an American businessman, financier, and conservative philanthropist. Hertog pursued a career in business, later becoming president of Sanford Bernstein (now AllianceBernstein). He currently serves as president ...

and Lewis A. Sanders. Alliance Capital was founded in 1971 when the investment-management department of Donaldson, Lufkin & Jenrette, Inc. merged with the investment-advisory business of Moody's Investor Services, Inc.

2000–2020

In October 2000, Alliance Capital acquired Sanford C. Bernstein. Alliance Capital's growth equity and corporate fixed-income investing, and its family of retail mutual funds, accompanied Bernstein's value equity and tax-exempt fixed-income management and its private-client business. On January 20, 2015, AllianceBernstein announced a new brand name ("AB") and logo. AllianceBernstein and

Fidelity Investments Fidelity Investments, formerly known as Fidelity Management & Research (FMR), owned by FMR LLC and headquartered in Boston, Massachusetts, provides financial services. Established in 1946, the company is one of the largest asset managers in the ...

took control of supermarket Winn-Dixie's parent company during the latter's 2018 bankruptcy. In 2018, AllianceBernstein announced the move of their global headquarters from New York City to Nashville, while also having an office remaining in Midtown in New York City. In 2019, AllianceBernstein partnered with

Columbia University Columbia University in the City of New York, commonly referred to as Columbia University, is a Private university, private Ivy League research university in New York City. Established in 1754 as King's College on the grounds of Trinity Churc ...

to provide training courses on sustainability and environmental sciences to its staff of investors. In 2019,

Alliance Bernstein AllianceBernstein Holding L.P. (AB) is a global asset management firm providing investment management and research services worldwide to institutional, high-net-worth and Investor, retail investors. AllianceBernstein's headquarters are located ...

was flagged by the

Boycott, Divestment and Sanctions Boycott, Divestment and Sanctions (BDS) is a nonviolent Palestinian-led movement promoting boycotts, divestments, and economic sanctions against Israel. Its objective is to pressure Israel to meet what the BDS movement describes as Israel's ...

movement as a subsidiary of

AXA Axa S.A. is a French multinational insurance corporation headquartered in the 8th arrondissement of Paris. It also provides investment management and other financial services via its subsidiaries. As of 2024, it is the fourth largest financi ...

through which the French insurance group maintained indirect investments in

Elbit Systems Elbit Systems Ltd. is an Israel-based international military technology company and defense contractor. Founded in 1966 by Elron, Elbit Systems is the primary provider of the Israeli military's land-based equipment and unmanned aerial v ...

and Israeli banks despite a partial divestment by the parent company. In June 2020, AllianceBernstein acquired investment management firm AnchorPath for $400 million. Bernstein Account is an account belonging to Bernstein Capital used to carry out transactions in organizations and funds with large net buying and selling volumes that are directly connected to the Vietnam stock exchange without going through an intermediary.

2021–present

In April 2021, AllianceBernstein moved to a new headquarters in

Nashville, Tennessee Nashville, often known as Music City, is the capital and List of municipalities in Tennessee, most populous city in the U.S. state of Tennessee. It is the county seat, seat of Davidson County, Tennessee, Davidson County in Middle Tennessee, locat ...

. In September 2021, AllianceBernstein gave a $100,000 gift to the Nashville-based Martha O'Bryan Center. In mid-August 2021, AllianceBernstein disclosed that it had entered a strategic partnership with LSV Advisors, LLC, in which AB would become the exclusive private wealth partner for LSV. In March 2022, it was announced that AllianceBernstein had acquired the

Minneapolis Minneapolis is a city in Hennepin County, Minnesota, United States, and its county seat. With a population of 429,954 as of the 2020 United States census, 2020 census, it is the state's List of cities in Minnesota, most populous city. Locat ...

-headquartered CarVal Investors – a global private alternatives investment manager.

References

External links