Alliance Capital Management reported that its assets under management increased to approximately $458 billion as of Nov. 30, a 3.4% increase from the previous year. Alliance credited the strength in the overall markets for the increase; on Nov. 30, 2000, assets under management were $443 billion.
Assets also increased from Octobers level. On Oct. 30, Alliance had $437 billion under management. Investors shifted out of equities during the past 12 months, the company reported, to fixed income and cash management products. "Year-over-year, growth equities declined 8.25, value equities rose 15.3% and fixed income assets increased 18.9% in the same period, the company said in a statement.