Neuberger Berman Readies Multi-Strategy Fund Of Funds

Oct 15 2013 | 12:47pm ET

Neuberger Berman Group is planning a new UCITS-compliant fund of hedge funds.

The Absolute Return Multi-Strategy Fund is set to debut next month with seven underlying managers initially, Investment Week reports. The fund's money will be invested in segregated accounts, which should allow it to avoid having its money locked up by redemption restrictions.

Among the strategies included at launch will be event-driven, long/short equity and relative-value credit, aiming for a return of 5% over cash.

Increased interest from discretionary fund managers prompted the new fund, according to Tom Douie, head of European intermediary at Neuberger Berman.

"DFMs are interested again, but as a fund group it is increasingly difficult to come to the market with a '2 and 20' charging structure," he told IW.

Instead, the new fund will charge a flat 0.75% management fee, with an expected total expense ratio under 2%.


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Nicky Hilton To Wed James Rothschild

Aug 20 2014 | 5:23am ET

When it comes to husband-material, socialite Nicky Hilton is sticking with finance...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note