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Bernstein Pros Safe In Alliance's Arms

Traders Magazine, July 2000

Peter Chapman

Traders at Sanford C. Bernstein & Co. are in no danger of losing their jobs following the firm's takeover by mutual fund giant Alliance Capital Management. Bernstein, which houses both a buy-side and a sell-side operation, will continue to operate independently.

"This combination was not intended to integrate trading and other operations," said Bernstein chief executive Roger Hertog. "Those trading organizations will continue under Alliance just as they are today."

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