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AllianceBernstein AUM down one per cent in January

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AllianceBernstein’s preliminary assets under management decreased to USD445bn during January 2014 from USD450bn at the end of December.

Market depreciation was the largest factor in the one per cent decline, though firm-wide net outflows contributed as well.
 
Flat net flows in institutions and slightly positive net flows to private client during the month were more than offset by retail net outflows.

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