AB’s faith in ‘magnificent others’ starts to pay off

Talking heads: Hybrid quant and fundamental approach proves its mettle as mega-cap magic begins to tarnish

This article is the fourth in a series of interviews with innovators in equity markets. The others are available here.

When a fistful of high-tech mega caps keeps driving double-digit gains in the main equity benchmark, the job of an active manager is that bit harder.

But AllianceBernstein, which manages $759 billion of assets, including $330 billion of equities, has held firm on its cautious long-term view of the celebrated ‘magnificent seven’ tech stocks – whose performance defies fundamental