The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:WSJ Gives Kudos to Peter Kraus Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, October 25, 2012

WSJ Gives Kudos to Peter Kraus

News summary by MFWire's editors

The post-crisis comeback by AllianceBernstein is getting more press, this time in the Wall Street Journal.

The Journal's Kirsten Grind reports on the firm's push into bond funds under CEO Peter Kraus, a "potentially risky move that is starting to pay off," she writes.

As Grind notes, AllianceBernstein is still losing AUM -- its assets have slipped from $800 billion in 2007 to $419 billion now -- but "outflows appear to be waning." Credit Krauss and the bond boom.

Since Kraus, a former Goldman exec, took over as chairman and CEO in 2008, AllianceBernstein has made a "striking" turn to bonds, launching 35 bond funds that now hold $9.4 billion in AUM. Overall, the percentage of the firm's AUM represented by fixed income has gone from 25 percent in 2007 to 57 percent now.  

Edited by: Chris Cumming

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use