MutualFundWire.com: Alliance Dropped Assets in May
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Thursday, June 13, 2002

Alliance Dropped Assets in May


Alliance Capital said today that its assets under management fell to $433 billion at the end of May from $437 billion at the end of April. The 0.9 percent drop was primarily due to a 4.5 percent decline in the size of the firm's growth equity portfolio.

Since last year assets managed by the firm have fallen some $25 billion from $458 billion.


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