AllianceBernstein L.P.

Industry:	Brokerage
Revenues:	$4.5 Billion
Employees:	5,000

Description

AllianceBernstein Income Fund Inc. (the Fund), formerly known as ACM Income Fund Inc., is a diversified closed-end management investment company. The Fund's investment objective is to provide high current income consistent with the preservation of capital. The Fund normally invests at least 80% of its net assets in income producing securities. It normally invests at least 65% of its assets in securities issued or guaranteed by the United States Government, its agencies or instrumentalities, and repurchase agreements pertaining to the United States Government securities. It may also invest up to 35% of its assets in other fixed-income securities, including those issued by non-governmental issuers in the United States and those issued by foreign governments. The Fund may invest up to 35% of its net assets in below-investment-grade securities. In addition, the Fund may utilize other investment instruments, including options and futures, and may employ leverage.

Products & Services

investment management, asset management

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News Archive

Companies, funds spar over need for nomination rule.(NEWS) Pensions & Investments; 8/24/2009 ...from investment management companies, including Barclays Global Investors, T. Rowe Price Associates Inc. and AllianceBernstein LP, all three of which supported the proposal to some extent. BGI, in a letter submitted by Abe Friedman, managing... ...more

Mass. pension board fires firms The Boston Globe; 12/2/2009 ...fund, which manages retirement money for state employees and teachers, voted yesterday to end contracts with AllianceBernstein LP and Axa Rosenberg. State Street Corp. and Baillie Gifford & Co. will replace the firms, which managed a combined... ...more

Managers dip toes in cross-border pooling; Platforms seen as way to expand in Europe.(NEWS) Pensions & Investments; 11/30/2009 ...either have implemented or are looking to introduce such capabilities within the next few years. Firms such as AllianceBernstein LP and AEGON Asset Management are close to providing European clients a way of combining defined benefit and defined... ...more