AllianceBernstein faces frustrations in Taiwan growth

AllianceBernstein Investments Taiwan is finding it tough to build market share in the highly competitive onshore market as a latecomer, a process made even more difficult by the lack of product track records and some local processes lagging behind global standards. AllianceBernstein entered Taiwan market in 2001. While it has since become the island's largest offshore fund house, it only started the onshore business in 2011 when it bought a local fund house Taiwan International In…