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Slide #18. AllianceBernstein L.P. — W.P. Stewart & Co., Ltd.
AllianceBernstein L.P. (NYSE:AB)
W.P. Stewart & Co., Ltd. (WPSL)
AllianceBernstein L.P. (AllianceBernstein), a global investment management firm with $447 billion in assets under management as of November 30, 2013, announced today that it has completed the acquisition of W.P. Stewart & Co., Ltd. (Pink Sheets: WPSL), an equity manager with approximately $2 billion in assets under management in U.S., Global and EAFE concentrated growth equity strategies for institutional and retail clients at closing.
AllianceBernstein Holding provides research, investment management and related services to a range of clients. Co.'s principal services include: institutional, which services institutional clients, including private and public pension plans, foundations and endowments, insurance companies, and central banks and governments; retail, which services retail clients, primarily by means of retail mutual funds; private wealth management, which services private clients, including high-net-worth individuals and families, trusts and estates, and partnerships; and Bernstein research services, which services institutional investors, such as pension fund, and hedge fund and mutual fund managers.
Open the AB Page at The Online Investor »
Buy (3.25 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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