AllianceBernstein Expects to Lose $14 Billion Mandate from AXA over Taxable Fixed Income

Posted on 02/14/2020


Money manager AllianceBernstein is expecting AXA SA to terminate roughly US$ 14 billion in taxable fixed income assets in the first half of 2020. AXA plans to move those assets internally and have it managed by its subsidiary AXA Investment Managers. At December 31, 2019, AllianceBernstein disclosed it had US$ 258.3 billion in taxable fixed-income […]