{"id":3851,"date":"2006-01-13T00:00:00","date_gmt":"2006-01-13T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"asset-manager-gets-strong-boost-from-hedge-fund-performance-fees","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2006\/asset-manager-gets-strong-boost-from-hedge-fund-performance-fees.html","title":{"rendered":"Asset manager gets strong boost from hedge-fund performance fees"},"content":{"rendered":"<p>  <span class=\"t003\">SAN FRANCISCO (MarketWatch) &#8212; Two years after agreeing to pay massive penalties for its role in the mutual-fund industry&#8217;s improper trading scandal, Alliance Capital Management  Holding L.P.&#8217;s fortunes are looking brighter.<\/span><\/p>\n<p>  The New York-based asset manager <span class=\"LqQtGroup\"><span class=\"quotedToolTip\">(<span class=\"qted symbol\"><a href=  \"..\/tools\/quotes\/detail.asp?view=detail&amp;symb=AC\">AC<\/a><\/span><\/span><span class=\"liveQuoteDependant\"><span class=\"up\">61.66<\/span>, <span class=\"up\">+0.19<\/span>, <span class=  \"up\">+0.3%<\/span><\/span>)<\/span> is seeing new money flowing into its U.S. and internationally focused retail stock funds, reflecting an improved market environment that has drawn retail investors  and boosted asset manager stocks.<\/p>\n<p>  &nbsp;<\/p>\n<p>  In particular, Alliance&#8217;s roster of growth-stock funds is evidently striking a chord with shareholders who are banking on a rebound in growth to propel Alliance&#8217;s earnings. Moreover, the company is  booking higher performance fees from the hedge funds it runs for institutions and high net-worth clients.<\/p>\n<p>  <a href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B74A46A3B-006A-457C-A97F-59C139B0979B%7D&amp;siteid=google&amp;dist=\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SAN FRANCISCO (MarketWatch) &#8212; Two years after agreeing to pay massive penalties for its role in the mutual-fund industry&#8217;s improper trading scandal, Alliance Capital Management Holding L.P.&#8217;s fortunes are looking brighter. The New York-based asset manager (AC61.66, +0.19, +0.3%) is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3851","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=3851"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3851\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=3851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=3851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=3851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}