Tuesday, 2 May 2017

Fund Firm Fires Boss In Purge

AllianceBernstein also drops 9 out of 11 directors as money managers fend off cheaper rivals AllianceBernstein Holding LP fired its chief executive and removed nine of its 11 directors, the most dramatic shake-up yet among money managers under pressure to halt a flood of cash to cheaper rivals. Peter Kraus, a former Goldman Sachs executive

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