AllianceBernstein Acquired AnchorPath Financial
Posted on 06/18/2020
On June 17, 2020, AllianceBernstein L.P. disclosed they acquired AnchorPath Financial, LLC earlier during the second quarter of 2020. AnchorPath is an investment management firm founded in 2009. AnchorPath has developed a cost-effective strategy that integrates proprietary, pro-active risk control while providing liquidity, and transparency.
“Through this acquisition, AB adds another proven and differentiated investment capability to its risk-managed platform. AnchorPath uses a unique lens to construct solutions that enable funds to outperform relevant indexes with decreased downside risk and will benefit from AB’s distribution expertise,” said Daniel Loewy, Head of AB Multi-Asset Solutions, in a press release.
The AnchorPath team recently joined AB’s Multi-Asset Solutions business, which helped lead to the addition of more than US$ 400 million of assets under management. AnchorPath’s principal, Marshall Greenbaum, also joined AllianceBernstein as part of the acquisition.
