AllianceBernstein

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.

Some of the key events about AllianceBernstein

1967
The company was founded as Alliance Capital Management
1967
Faced criticism for aggressive sales tactics in mutual fund distribution
1971
Launched one of the first international growth mutual funds in the U.S.
1988
Became a publicly traded company on the New York Stock Exchange
1992
Embroiled in a scandal involving improper trading practices
2000
Acquired Sanford C. Bernstein, expanding its research and investment management capabilities
2003
Implicated in the mutual fund trading scandal, leading to regulatory scrutiny
2004
Paid $600 million to settle charges related to market timing and late trading
2006
Rebranded as AllianceBernstein following the Sanford C. Bernstein acquisition
2006
Fined $30 million by the SEC for failing to disclose conflicts of interest
2008
Expanded its presence in Asia by opening an office in Tokyo
2008
Suffered significant losses during the global financial crisis
2011
Launched its first set of multi-manager target-date funds
2011
Criticized for high executive compensation despite poor fund performance
2012
Faced a class-action lawsuit over excessive fees in its mutual funds
2014
Introduced its first actively managed exchange-traded fund
2016
Experienced substantial outflows from its actively managed funds
2018
Announced relocation of corporate headquarters from New York City to Nashville, Tennessee
2020
Acquired AnchorPath Financial, enhancing its multi-asset solutions capabilities
2020
Struggled with underperformance in several key investment strategies

Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.

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