AllianceBernstein's acquisition
AllianceBernstein recently announced it would spend between $60 million and $80 million to acquire equity manager W.P.
eVestment LLC, AllianceBernstein LP, W.P. Stewart & Co., Ltd.
The bulk of W.P. Stewart's $1.98 billion in assets is in its U.S. concentrated growth strategy.
eVestment LLC, AllianceBernstein LP, W.P. Stewart & Co., Ltd.
Since the firm's inception, its flagship strategy has returned 16.3% annually, vs. 11.9% for the S&P 500.
eVestment LLC, AllianceBernstein LP, W.P. Stewart & Co., Ltd.
Lackluster performance just before the financial crisis led to an exodus of client assets.
eVestment LLC, AllianceBernstein LP, W.P. Stewart & Co., Ltd.
AllianceBernstein is hoping W.P. Stewart's recent strong performance can help grow its growth equity assets under management.
Stewart.