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

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

Rating:Will AB Follow BlackRock's HQ-Hunting Lead? Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, December 13, 2016

Will AB Follow BlackRock's HQ-Hunting Lead?

News summary by MFWire's editors

Peter Kraus and Larry Fink might be moving their teams to the same hood ... in the 2020s.

AB [profile] (AllianceBernstein) is searching for a new headquarters, Keiko Morris of the Wall Street Journal reports. Yet don't expect the publicly traded New York City-based mutual fund shop to leave Manhattan, and don't expect the move to happen any time soon.

Peter Kraus
AllianceBernstein
CEO
"We are certainly looking for a dynamic new collaborative workspace for the future of the firm," AB spokesman Jonathan Freedman tells the WSJ.

AB's lease on its current, 600,000-square-foot headquarters at 1345 Sixth Avenue (between 54th and 55th streets in midtown Manhattan) doesn't end until 2024. The WSJ reports that AB CEO Kraus and his team are considering at least three options: 1271 Sixth Ave (just four blocks south of their current HQ), 4 Times Square (further south and west but still in the heart of midtown), and Hudson Yards (on the far West Side of Manhattan in the 30s).

If AB does end up moving to Hudson Yards, they won't be the only big asset manager there. Last week news broke that Fink and his team at BlackRock have signed a preliminary deal to move into 50 Hudson Yards in the fall of 2022. (BlackRock's current HQ is just a few blocks from AB's, split between multiple buildings on 52nd Street.)

The WSJ highlights AB as one of several "big financial-services firms [who are] looking to cut costs and anticipating policies of President-elect Trump ... being inspired by a sense that the financial-services sector will expand if Mr. Trump moves to cut corporate taxes and trim business regulation as he has said." 

Edited by: Neil Anderson, Managing Editor


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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2021: Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. IDC Foundations for Fund Directors, Mar 1-2
  2. MFDF webinar - Board Oversight of ETFs, March 3
  3. FinReg Outlook 2021, March 10
  4. MFDF Director Discussion Series - Open Forum via Zoom (Midwest), March 10
  5. Irish Funds North American Digital Seminar, March 11
  6. MFDF webinar - Municipal and Taxable Fixed Income — A Multi-Speed Recovery, March 12
  7. 2021 Virtual Mutual Funds and Investment Management Conference, Mar 15-19
  8. SEC & DOL Standard of Conduct Rulemakings — Present & Future Considerations, March 23
  9. MFDF Director Discussion Series - Open Forum via Zoom, March 24
  10. ETFGI Global ETFs Insights Summit - ESG & Active ETF Trends, Mar 24-25
  11. MFDF webinar - Asset Management M&A for Fund Directors — Recent Trends and Governance Issues, March 31
  12. MFDF Director Discussion Series - Open Forum via Zoom, April 7
  13. MFDF In Focus: Board Oversight of Sub-advisers, April 15
  14. ETF.com Awards 2020, April 20
  15. The 31st Sub-Advised Funds Forum, Apr 20-21
  16. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  17. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
  18. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  19. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  20. ICI 2021 General Membership Meeting - Day 1, May 6
  21. ICI 2021 General Membership Meeting - Day 2, May 13
  22. 2021 FINRA Annual Conference, May 18-20
  23. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  24. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  25. Irish Funds Online Annual Global Funds Conference 2021, May 19-20
  26. MFDF webinar - Fund Director Compensation: MPI Annual Survey (2021), May 20




©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