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AB is acquiring and adding Autonomous to its Bernstein business in an effort to make research a more competitive factor for its investment management business.
AllianceBernstein (AB) has put forth an offer to buy Autonomous Research, based in London, in a bid to provide AB clients the “highest quality independent research,” say officials at the U.S. asset manager. AB officials did not disclose the financial details of the transaction. AB, which has $530 billion of assets under management (AuM), encompasses...
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