AllianceBernstein Nov assets under mgmt up 1.8 pct

AP News
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Posted: Dec 10, 2009 3:47 PM

Asset manager AllianceBernstein Holding said Thursday its assets under management for November rose 1.8 percent as positive investment performance was offset in part by withdrawals, mainly by institutional and retail investors.

AUM increased by $9 billion from the end of October to $496 billion as of Nov. 30, the company said.

Shares rose 5 cents to $25.95 in afternoon trading.