Year-to-date through Aug. 22, AllianceBernstein's stock posted a total return of 32.2% -- 23 percentage points higher than the S&P 500 index's return of 9.2%.
AllianceBernstein leads a group of eight publicly-traded money managers tracked by Pensions & Investments that have outperformed the broader large-cap U.S. index through the same period. Bank of New York Mellon was second, followed by Legg Mason, Invesco and Northern Trust.
Managers with the worst relative performance (in percentage points) to the S&P 500 through Aug. 22 were Apollo Global Management (-26.9), Waddell & Reed (-22.8), Oaktree Capital Group (-19.5) and Och-Ziff Capital Management Group (-18.7).
