Alliancebernstein Holding L.p. · NYSE:AB
Alliancebernstein Holding L.p — Keefe, Bruyette & Woods Investment Management & Specialty Finance Conference (June 2011)
25 slides from Alliancebernstein Holding L.p's conference presentation, Jun 8, 2011
Slide 1: Positioning AllianceBernstein for Long-Term Success
Positioning AllianceBernstein for Long-Term Success June 7, 2011 Keefe, Bruyette & Woods Investment Management & Specialty Finance Conference Peter S. Kraus Chairman & Chief Executive Officer
Slide 2: Cautions Regarding Forward-Looking Statements
AllianceBernstein.com 2 Cautions Regarding Forward-Looking Statements Certain statements provided by management in this presentation are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, unce
Slide 3: AllianceBernstein: Balance and Breadth
AllianceBernstein.com 3 AllianceBernstein: Balance and Breadth By Client Domicile By Strategy Value Growth Fixed Other** US By Channel Institutions Retail Private Client *As of April 30, 2011 **Includes index, structured, asset allocation services and certain other alternative investments Assets Und
Slide 4: A Global Client Base
AllianceBernstein.com 4 A Global Client Base *As of March 31, 2011 Source: AllianceBernstein Countries and Regions Outside the U.S. with AUM Over $1 Billion*
Slide 5: A Broad Array of Investment Services: Equity
AllianceBernstein.com 5 A Broad Array of Investment Services: Equity Value AUM: $137 Billion* Growth AUM: $71 Billion* *As of March 31, 2011 Other US Large Cap Growth Global Research Growth Emerging Markets Growth Asia ex-Japan Intl Large Cap Growth Other 5% Intl Value Global Value Emerging Markets
Slide 6: A Broad Array of Investment Services: Fixed Income
AllianceBernstein.com 6 A Broad Array of Investment Services: Fixed Income Fixed Income AUM: $210 Billion* *As of March 31, 2011 **Includes Currency, Cash/Governments & Other Credit Global High Income Municipals Multi Sector- Global Multi Sector- US Multi Sector-Other US Investment Grade Corp Emergi
Slide 7: Sanford C. Bernstein: World Class Research and Trading Platform
AllianceBernstein.com 7 Sanford C. Bernstein: World Class Research and Trading Platform New York Los Angeles Stockholm Zurich Hong Kong Singapore < 385 Employees in 7 offices in the US, Europe and Asia < 54 Fundamental & Quantitative Research Analysts Worldwide < Growth driven by expansion of geogra
Slide 8: Flows Have Been Challenged
AllianceBernstein.com 8 Flows Have Been Challenged In US $ Billions
Slide 9: Positioning AllianceBernstein for Long Term Success
AllianceBernstein.com 9 9 Positioning AllianceBernstein for Long Term Success < Improve investment performance and restore client confidence < Diversify our business across channels, investment services and geographies < Develop innovative new products and services to meet clients’ evolving needs <
Slide 10: Diversify Our Business: Growth in Fixed Income
AllianceBernstein.com 10 Diversify Our Business: Growth in Fixed Income $172 38% $88 20% $164 37% $138 28% $71 15% $214 44% Fixed Income +30% $24 5% $62 13% Assets Under Management (USD Billions) Growth Fixed Income Value Other (1) April 30, 2011 December 31, 2008 (1) Includes index, structured, ass
Slide 11: Diversify Our Business: Revived Retail
AllianceBernstein.com 11 Diversify Our Business: Revived Retail *Through 03/31/11 Source: AllianceBernstein 3% 4% Non-US a Growing Percentage of Retail Sales: 1Q 11 2% 1% New Product Launches ’08 - 1Q11 ’09- 1Q 11: 38 New Products US $9 Billion in New Assets 2% Outperformance of New Products: Fund P
Slide 12: Develop Innovative New Products & Services
AllianceBernstein.com 12 Develop Innovative New Products & Services Assets Under Management As of March 31, 2011 (USD Billions) (1) Includes retail funds and Private Client total assets with DAA overlay (1)
Slide 13: Growth in Defined Contribution: Customized Retirement Strategies
AllianceBernstein.com 13 13 13 Growth in Defined Contribution: Customized Retirement Strategies In US $ Billions Sizing the Opportunity: U.S. DC Business Today: $3 Trillion Target Date Funds Share: 10% ($300 Billion) U.S. DC Business 2020 (Est.): $6 Trillion Target Date Funds Share (Est.): 50% ($3 T
Slide 14: A Growing Alternatives Platform
AllianceBernstein.com 14 A Growing Alternatives Platform Fund-of-Hedge Funds Open-Ended Hedge Funds Closed-End Drawdown Funds Diversified Legacy Mortgage- Backed Securities Distressed / Opportunistic All Asset Distressed / Opportunistic Real Estate Energy Relative Value Fixed Income Equity Market Ne
Slide 15: Success with Dynamic Asset Allocation
AllianceBernstein.com 15 15 15 Success with Dynamic Asset Allocation *Represents total assets with DAA Overlay. DAA Overlay averages 30% of the total account value. DAA AUM: Over $23 Billion*
Slide 16: Improve Investment Performance: Equities
AllianceBernstein.com 16 Improve Investment Performance: Equities Cumulative Returns vs. Peers Since the Market Bottom AB Outperformance Relative to Peer Avg: February 28, 2009, through March 31, 2011 (Percentage points) %tile 28 5 27 15 12 34 16 Universe US Large-Cap US Small-Cap US Small-Cap Globa
Slide 17: Diverse Pockets of Strength in Equities
AllianceBernstein.com 17 17 Diverse Pockets of Strength in Equities Equities Relative Composite Performance Investment performance of composites is presented before investment management fees. Periods of more than one year are annualized. Value: US Small Cap Value (USD) 4.2 5.1 5.1 Japan Strategic V
Slide 18: Continued Outperformance in Fixed Income
AllianceBernstein.com 18 18 Continued Outperformance in Fixed Income as of 3/31/2011 Product 1 Year 3 Year 5 Year US Strategic Core Plus (USD) 2.5 2.3 1.0 US Core (USD) 1.6 1.7 0.4 US High Yield Composite (USD) (0.1) 1.4 0.7 Global Plus Hedged to USD (USD) 3.3 2.4 1.5 Global Fixed Income (USD) 2.6 1
Slide 19: Addressing Cost Structure
AllianceBernstein.com 19 Addressing Cost Structure Employees: 4,997 4,654 4,369 4,263 4,256 4,123 Reducing Headcount and Real Estate Footprint Occupied Not Occupied
Slide 20: 1Q 2011 Accomplishments
AllianceBernstein.com 20 1Q 2011 Accomplishments < Delivering for clients: Continued outperformance in Fixed Income; strength in Target-Date, Inflation Strategies, Dynamic Asset Allocation and U.S. Equities < Defined Contribution: $2.1 billion funded in new CRS target-date mandates in 1Q and $1 bill
Slide 21: Enhancements to Our Growth Investment Practice
AllianceBernstein.com 21 Enhancements to Our Growth Investment Practice < What makes a great Growth Investment Practice? < Consistent discipline grounded in core beliefs < Superior insight generation < The ability to act quickly and decisively < Strong, independent thinking < Where we are strong < G
Slide 22: Stability in Fee Realization Rates
AllianceBernstein.com 22 Stability in Fee Realization Rates
Slide 23: Trends in Gross Sales: Recent Improvement
AllianceBernstein.com 23 Trends in Gross Sales: Recent Improvement Total $47 $60 $16 In US $ Billions
Slide 24: Q & A
AllianceBernstein.com 24 Q & A
Slide 25: ALLIANCEBERNSTEIN
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