AllianceBernstein posts first net inflows since crisis

The fund manager has made a big push into bonds under chairman and chief executive Peter Kraus

AllianceBernstein swung to a profit in the fourth quarter as the New York-based money manager reported its first quarter of net inflows since before the financial crisis.

Once known for its stock funds, the firm has made a big push into bonds under chairman and chief executive Peter Kraus, a former Goldman Sachs executive who took over as head of the firm in 2008.

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