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Friday, October 11, 2002

Alliance Capital AUM Drops

by: Ki Kim

Alliance Capital Management Holding and Alliance Capital Management today reported preliminary assets under management of some $369 billion at the end of September, or $26 billion less than the previous month. The figure also compares with $418 billion reported at the end of the third quarter last year.

The fall from August is roughly 6.6 percent, the decrease primarily resulted from market depreciation. In September, the S&P 500 dropped 11 percent, the Russell 1000 Growth Index declined by 10.5 percent and the Russell 1000 Value Index fell 11.3 percent.

Alliance Capital's management will review third quarter 2002 financial and operating results on October 31.  

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