Alliance Capital reported a decrease of $7 billion in preliminary assets under management during the month of March. AUM fell to $482 billion at the end of March from $489 billion at the end of February. Growth equity and fixed income assets each decreased $3 billion and value equity decreased $1 billion. The decreases follow a $4 billion increase in AUM during the month of February, when value equity assets increased $3 billion and fixed income assets increased $1 billion. 

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