Neuberger Berman Launches Absolute Return Oriented Fund

Jun 12 2013 | 9:51am ET

Asset management giant Neuberger Berman Group has launched a new absolute return oriented long-only fund.

The Neuberger Berman Flexible Select Fund will invest in the best ideas from the firm's absolute-return-oriented stock teams, it said. Between 17 and 20 teams will be involved, overseen by an investment committee led by Joseph Amato, the firm's chief investment officer.

Flexible Select will focus on high tracking-error ideas. Primarily an equities fund, it will also invest in cash and bonds based on the asset allocations of its various teams.

The new fund is available to U.S. investors.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...