Alliance Capital Management LP of New York received a 10 percent repayment from General American Life Insurance Company of St. Louis, Mo. for General American funding agreements that Alliance holds in four of its mutual funds, Alliance has announced.

The repayment was valued at $57 million, leaving $513 million in remaining General American holdings at Alliance. The remaining funding agreements constitute no more than 3.5 percent of the net assets of any of the four funds, Alliance said.

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