Alliance Capital Management reported a $9 billion increase in assets under management in September, to $488 billion, citing market appreciation and strong relative performance. The firm's institutional value equity strategies enjoyed the strongest advance, rising $4 billion to $102 billion, while its institutional and retail growth equity products each added $1 billion, rising to $67 billion and $43 billion, respectively.
Separately, Janus Capital Group's total assets under management in September rose $2.4 billion, to $130.2 billion, led by net inflows of $1.6 billion for its INTECH subsidiary. The gains came despite the exclusion of $624 million resulting from the midmonth sale of subsidiary Bay Isle Financial's high-net-worth division. The firm's growth equity products finished the month with $66.7 billion, with market appreciation of $1.6 billion more than offsetting net outflows of $1 billion.