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Michael H. Conn Joins AllianceBernstein's Growing Alternatives Team as Head of Strategy and Development for Its Fund of Funds Group

NEW YORK, Feb. 26, 2014 /PRNewswire/ -- AllianceBernstein L.P. (AllianceBernstein), a global investment management firm with $445 billion in assets under management, announced today that Michael H. Conn has joined the firm as Managing Director - Strategy, Operations and Development, supporting the firm's growing Fund of Funds business. He will be based in Los Angeles and report to Marc Gamsin, Head of AllianceBernstein's Alternative Investment Management Group.  

In this newly created role, Conn will work closely with Gamsin to develop the business strategy and new products for the group, as well as support existing and potential clients. He will also collaborate with the broader alternatives team to enhance the firm's diverse product offerings and help clients better understand the role alternatives can play in their portfolio. Over the years, AllianceBernstein has significantly expanded its alternative platform, including adding five product and marketing specialists globally in the last year.  Today, AllianceBernstein manages approximately $16 billion in alternative assets and offers a range of strategies and capabilities that span asset classes and liquidity profiles.

"Our clients are increasingly seeking to diversify their portfolios with alternative investments and we are pleased that we can both deliver the right services for them and attract the top talent needed to stay at the forefront of the industry," said Chris Bricker, Head of Alternatives at AllianceBernstein. "With Michael's expertise and diverse alternatives background, he will be an integral part of our efforts to take advantage of this growth opportunity and to better manage risk for our clients as we build upon the success of our multi-manager focused investment solutions."

Conn joins AllianceBernstein from The TCW Group, Inc., where he was most recently Managing Director, Head of Corporate Strategy and Development for both traditional and alternative investments globally. Prior to joining TCW, he was a Senior Financial Analyst of Strategic Planning and Development with the Los Angeles Times/Tribune Company. Conn graduated with a dual Bachelors of Arts in Economics and French Language and Literature, as well as a Master's of International Finance and Economics from Brandeis University. He also holds a Master's of Business Administration with Honors from the University of Southern California, Marshall School of Business.

In 2010, AllianceBernstein acquired SunAmerica's Alternative Investments Group, which managed nearly $8 billion, $3 billion of which were in hedge fund assets. Since then, the Alternative Investment Management Group's assets have grown to more than $11 billion and its hedge fund assets have more than doubled to nearly $8 billion. The firm's Fund of Fund offerings includes both commingled funds and custom hedge fund portfolios, as well as investments in a variety of private equity, leveraged buy-out, distressed-debt, venture capital and real estate funds.

About AllianceBernstein

AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private clients in major world markets.

At December 31, 2013, AllianceBernstein Holding L.P. owned approximately 35.8% of the issued and outstanding AllianceBernstein Units and AXA, one of the largest global financial services organizations, owned an approximate 63.7% economic interest in AllianceBernstein.

Additional information about AllianceBernstein may be found on our internet site, www.alliancebernstein.com.  

SOURCE AllianceBernstein Holding L.P.

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