AllianceBernstein

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Note: Alliance Capital Management LP officially changed its name to AllianceBernstein L.P. on February 24, 2006.

AllianceBernstein LP (NYSE: AB) administers more than 100 mutual funds, including specialized funds for health care, technology, and Asia-based concerns. The firm serves such institutions as pension funds, corporations, and not-for-profits; it also oversees retail investor accounts and manages a large high net worth client business. As of October 31, 2007, AllianceBernstein managed approximately $837 billion in client assets under management.

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AllianceBernstein L.P. owns Sanford C. Bernstein & Co., LLC, known for investment research and private client services.

French insurer AXA owns more than half of the company.

AllianceBernstein projects that worldwide by 2030, 72% of the fleet and 85% of new cars will be hybrids (regular or plug-in hybrids).[1]

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