A leader in institutional investment management and research, AllianceBernstein combines the 30-plus-year histories of Alliance Capital Management and Sanford C. Bernstein. In addition to being one of the largest fixed-income managers in the U.S., the firm brings together more than three decades worth of Alliance’s expertise in growth investing and Bernstein’s excellence in value management. These skills allow us to offer clients a broad array of products across all major investment disciplines.

Unparalleled strength in investment research
We believe that research is the ultimate source of superior investment returns. In fact, research is the touchstone of our investment process and has always been a principal career path for our investment professionals. With over 300 analysts operating in 16 countries, Alliance Capital boasts one of the largest and most highly regarded research teams in the investment management industry.

Disciplined Investment Process
Regardless of asset class or assignment, our investment process follows these basic principles: strong management discipline and special attention to fundamental valuations. In addition, each of our growth, value and fixed-income management teams adheres to clearly defined rules for asset selection and portfolio building to ensure that clients get products with the characteristics and long-term performance patterns that best suit their needs.

Broad Array of Services
AllianceBernstein’s products are designed to meet a broad range of client requirements. Our services include global and international portfolios as well as capitalization-oriented alternatives in large, medium and small-cap equities. We also create risk-tailored and concentrated portfolios ranging from high-expected premiums to less volatile or more benchmark-sensitive. In the fixed-income arena, our products cover both taxable and tax-exempt investments, ranging from investment grade to high-yield bonds in markets around the world.

Flexibility in Client Mandates
Our extensive product list gives us the flexibility to meet a wide range of client needs, regardless of home country, base currency or tax position. All of these variables can be customized to include or exclude countries, and further tailored to meet desired benchmark sensitivity or “tracking error.”

Commitment to Client Service
We pride ourselves on the servicing structure we have established to support our clients, which includes personalized, timely service and communications. Our experienced client service professionals add value by proactively addressing our clients’ evolving needs—whether through one-on-one meetings, special research projects or workshops. We provide easy access to our investment professionals along with conference calls, conferences and print and web-based publications.

A Leader in Asset Management
As of December 31, 2002, about $211 billion of our firm’s $386 billion in assets under management was for private and institutional clients around the world, including public and Taft-Hartley pension plans; foundations and endowments; insurance companies and governments in more than 35 countries. Our range of services, global research coverage and ability to serve clients in virtually all parts of the world make AllianceBernstein the pre-eminent resource for institutional investors worldwide.