Neuberger Berman To Launch Global Long Short Fund

Jan 13 2015 | 7:52am ET

Neuberger Berman, an employee-owned firm with $247 billion under management, announced the launch of the Neuberger Berman Global Long Short Fund.

According to reports, Daniel Geber, a 20-year investment management veteran, will lead the new fund. Last year, Geber joined the firm as managing director and portfolio manager from hedge firm GLG Partners. Geber’s team will include analysts Thuy Tran and Alan Freeman. The two analysts each have at least 13 years of experience and also joined last year from GLG Partners.

Neuberger plans to use an active strategy, blending macro and fundamental stock analysis, according to a company statement. The team’s goal is to construct a global long short portfolio with daily liquidity, low minimum investment requirements, transparency, and regulatory oversight designed for mutual fund investors.

Founded in 1939, Neuberger Berman manages equities, fixed income, private equity and hedge fund portfolios. The company operates in 18 countries and has $247 billion in assets under management as of September 30, 2014.

This new fund is part of the firm’s goal of fulfilling client demand for hedge-fund equity products. The company invests more than $26 billion in alternative funds around the world, including more than $5 billion in liquid alternative mutual funds.

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