Alliance Capital Management reported preliminary data Tuesday showing assets under management had grown 3.5%, to $534 billion, in July.
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The asset total rose by $18 billion in the month, primarily due to strong equity market performance and net asset flows into international and global equity services, the New York company said.
Alliance Capital is a global investment management company that supplies services to many large U.S. public and private employee benefit plans, foundations, public employee retirement funds, pension funds, endowments, banks, insurance companies, and high-net-worth people.
It is also one of the largest mutual fund sponsors, with a family of globally distributed fund portfolios.
