Alliance Capital And Sanford Bernstein Merger Offers Offshore Fund Range

by Carla Johnson, InvestorsOffshore.com

19 April 2001

Alliance Capital, the largest institutional value manager in the US, has announced the launch of four new value-oriented funds. Known collectively as the AllianceBernstein Funds, they are the first retail value-oriented mutual funds offered by Alliance Capital since its acquisition of Sanford Bernstein, a global leader in investment research and management, in October of last year.

Alliance Capital says its new funds are designed to provide investors with a wide range of investment choices: AllianceBernstein funds consist of a Value, Small cap Value, International Value and a Global Value Fund. In addition, three existing Alliance Capital Funds have been incorporated into the AllianceBernstein Funds offering a Disciplined Value Fund, Utility Income Fund and a Real Estate Investment Fund.

Michael Laughlin, executive vice president of Alliance Capital, said: 'Alliance Capital has enjoyed a leadership position in growth investing since 1962. Similarly, Bernstein has a 30 year heritage at the forefront of value investing. Our research convinces us that a diversified value/growth investment strategy, taking advantage of varying market cycles, offers investors an opportunity to maximize returns and reduce risk. This new series of mutual funds offers Alliance investors an opportunity to strengthen their portfolios by participating in a value-oriented approach to investing.'

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