AllianceBernstein Holding LP, a limited partnership based in New York, is one of the world's largest publicly traded global asset management firms. It provides research, diversified investment management and related services, including institutional investment, retail, private client and institutional research services. Global financial giant AXA Financial Inc. owns more than half of the firm through a subsidiary.
The money manager is known for its value-investing bent. The firm has nearly a 90% five-year retention rate for portfolio managers, according to industry newsletter Fund Action. Former Goldmanite Peter S. Kraus took the helm as chief executive in December, after a three-month stint at Merrill Lynch which yielded a $25 million payday.
As with many money managers, AllianceBernstein has struggled with redemptions and weak performance. Consider: The firm was the largest shareholder in Lehman Brothers before that company's collapse. Its search for a new source of revenues recently led it to revive its capital-markets business at its Sanford C. Bernstein & Co. brokerage unit. It is also expanding European and Asian research efforts. It is also among the firms participating in the Treasury Department's Public Private Investment Program (PPIP) to buy toxic mortgage-backed securities and other troubled assets from banks with government financing.
The company's recruiting pages host several videos of employees talking about what it's like to work at the firm. Check out the interview clips of associates, financial advisers, marketing and sales pros, portfolio managers and research analysts from around the world -- New York, London, Hong Kong, Singapore, Japan, Australia and New Zealand.