David Kupperman has joined New York-based money manager Neuberger Berman Group as a managing director of NB Alternatives Investment Management, the firm’s fund of hedge funds business.
Kupperman will be based in New York and involved in all aspects of the fund of hedge funds investment process.
He comes to Neuberger Berman from another fund of funds, Alternative Investment Management, prior to which he worked as a managing director and member of the executive committee of Paloma Partners Management Company, a multi-strategy hedge fund focused on relative value trading strategies. Kupperman’s earlier work experience included stints at The Carlyle Group and Goldman, Sachs & Co.
“David's addition builds on the strong performance of our fund of hedge funds business,’’ said Anthony Tutrone, global head of alternatives for Neuberger Berman. “Our performance continues to attract new clients, including several large institutional relationships, as we strive to deliver best-in-class commingled and custom fund solutions to our clients.”
Formed in 2002, NB Alternatives Investment Management manages assets of approximately $4 billion for institutional and individual investors and has investments in approximately 50 different hedge funds. Neuberger Berman managed approximately $17 billion in alternatives assets for institutional and individual investors as of December 31, 2010.