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We Are Investors

Neuberger Berman is a 76-year-old private, independent, employee-owned investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide. With offices in 18 countries, Neuberger Berman’s team is more than 2,000 professionals and the company was named by Pensions & Investments as a 2013 and 2014 Best Place to Work in Money Management. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking.

"We are investors" helps explain the essence of our firm. This simple, singularly focused identity defines what attracts clients and inspires colleagues who come to work every day and share in our mission–to partner with our clients to achieve their unique objectives. There is no house view, no top-down mandate directing our portfolio managers. Our attention is entirely directed at managing client assets. Our fiduciary responsibilities are instilled in our employees and are reflected in our approach to client assets.

Download Our 2014 Annual Report

From left: Brad Tank | Chief Investment Officer—Fixed Income
Joseph V. Amato | President and Chief Investment Officer
Anthony D. Tutrone | Global Head of Alternatives
Erik L. Knutzen, CFA, CAIA | Chief Investment Officer—Multi-Asset Class


Our Mission

“To partner with our clients to achieve their unique investment objectives”

We have earned our clients’ trust over seven decades because:

  • Clients come first.
  • Our singular investment focus is to deliver superior long-term performance.
  • Our partnership culture is the source of our most distinctive strength: our people, who thrive in an environment of professional and personal respect, rigorous analysis and challenging dialogue.
  • We are passionate, independent investors, unified by our commitment to fundamental research and the constant pursuit of investment insight.
  • Risk management and an exceptional client experience are everyone’s responsibility at Neuberger Berman.

Neuberger Berman Named One of the Best Places to Work in Money Management for 2013 and 2014.

Our greatest assets are our people, our culture and our reputation. Making Neuberger Berman a best-in-class place to work is one way that we invest in those assets.


Neuberger Berman At a Glance

assets under

$251 billion
32 offices 18 countries



owned by
465 current employees


of firm’s equity AUM outperformed their benchmarks for the most recent 10-year
period 2


of the firm’s fixed income AUM outperformed their benchmarks for the most recent 10-year
period 2

portfolio managers

28 years

of industry experience


of all NB private equity funds raised between ‘02 and ‘12 outperformed their respective IRR benchmarks based on invested capital 2


What Sets Us Apart

At Neuberger Berman, we focus on managing assets and delivering results. For our clients and partners, we have demonstrated an ability to uncover alpha–generating opportunities in all types of markets. It is this solutions orientation, built on a foundation of active management, original insight and research, that we believe rings true with clients.

  • Our investment culture defines our mission in all market environments

    We are long–term in our thinking and independent in our judgment. We understand investor psychology, the tendency of many to follow the crowd, the importance of looking beyond the immediate commotion to the value we are seeking to extract from investments over time.
  • We are broad and deep

    Our investment in people and resources translate to a substantial range of investment solutions and choices for institutions, advisors and individuals. We are able to work across asset classes and solve for client needs that typically require multi–asset class solutions. With more than 100 investment strategies and 505 investment professionals, we are able to work fluently across disciplines and innovate, create and implement new ideas.
  • We are client focused

    We are in business to serve our clients’ needs. There are no proprietary trading desks, top–down economic models or competing businesses such as lending or investment banking. Rather, we are deeply attuned to the circumstances of our clients—including income, liquidity needs, investment goals and risk tolerance—so that we can work with them to solve for their unique investment objectives.
  • We are relevant

    From our founding three quarters of century ago, to the present day, we have been original, constructive thinkers in the investment space. Our solutions reflect our best and highest conviction ideas within reasonable client-determined risk and return frameworks. Our portfolio managers’ experience enables us to take a longer–term view and recognize the value in developing strategies that may succeed across market cycles and economic regimes.
  • Finally, we are a stable investment organization

    We are deeply committed to aligning our interests with those of our clients. Just as important, we are investors–focused, experienced and independent. This identity forms the philosophy and perspective that allows us to attract and retain some of the industry’s most talented investors.

Roy R. Neuberger, 1903-2010, was a legendary figure who had a profound influence on the worlds of art and investing.

Roy R. Neuberger

As co-founder and its longtime leader, he built Neuberger Berman into one of the most respected investment management firms in the world. Moreover, he personified the qualities that define who we are today: our unwavering dedication to clients, integrity, and investment skill.

In an industry characterized by sizable egos, Roy was a quiet force who inspired the respect of his competitors and the loyalty of his colleagues through his keen insights and extraordinary decision-making. Here at the firm, he was the perennial "straw that stirs the drink," attracting exceptional talent, which he nurtured through a culture of collaboration and achievement.

We salute Roy R. Neuberger and his legacy. He remains an inspiration to us all.

All information is as of March 31, 2015, except as otherwise noted.

1Includes $115.7 billion in Equity assets, $104.4 billion Fixed Income assets and $31.1 billion in Alternatives assets under management.

2AUM outperformance data is as of December 31, 2014 and is asset-weighted and based on the gross of fee performance of the firm’s traditional equity and fixed income strategies against their respective benchmarks and peer categories. Individual strategies may have experienced negative performance during certain periods of time. All AUM outperformance data is asset-weighted and based on the gross of fee performance of the firm’s traditional equity and fixed income strategies against their respective benchmarks and peer categories. Individual strategies may have experienced negative performance during certain periods of time. All performance data for NB Private Equity funds, public and private indices data is as of September 30, 2014. See Additional Disclosures for additional information regarding AUM outperformance (including 3-and 5-yr statistics) and private equity outperformance statistics. Indexes are unmanaged and are not available for direct investment. Investing entails risks, including possible loss of principal. Past performance is no guarantee of future results.

This material is provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. All information is current as of the date of this material and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Neuberger Berman products and services may not be available in all jurisdictions or to all client types. Investing entails risks, including possible loss of principal. Investments in hedge funds and private equity are speculative and involve a higher degree of risk than more traditional investments. Investments in hedge funds and private equity are intended for sophisticated investors only. Indexes are unmanaged and are not available for direct investment. Past performance is no guarantee of future results.

All information as of the date indicated, except as otherwise noted. Firm data reflects the collective data for the various subsidiaries of Neuberger Berman Group LLC. Firm history/timeline information dates back to the 1939 founding of Neuberger & Berman (the predecessor to Neuberger Berman LLC), and highlights key business expansions, including those that resulted from acquisitions of the various affiliated investment advisers that now comprise the firm. Investment professionals referenced include portfolio managers, research analysts/associates, traders, and product specialists and team dedicated economists/strategists. Industry averages were compiled by Neuberger Berman based on portfolio manager industry experience data as reported to eVestment and includes separate accounts, mutual funds, and other commingled funds.

Equity and Fixed Income AUM Benchmark Outperformance Note: For the period ending December 31, 2014, the percentage of total firm equity and fixed income Assets Under Management (“AUM”) that outperformed the benchmark on 10-yr; 5-yr and 3-yr basis was as follows: Total Equity and Fixed Income AUM: 10-year: 78% ; 5-year: 42%; and 3-year: 43%; Total Equity AUM: 10-year: 80% 5-year: 29%; and 3-year: 26%; and Total Fixed Income AUM: 10-year: 77%; 5-year: 63%; and 3-year: 67%. Firm equity and fixed income Assets Under Management (“AUM”) outperformance figures are based upon the aggregate assets for all Neuberger Berman LLC and Neuberger Berman Fixed Income LLC traditional equity and fixed income strategies that are included in the firm’s institutional separate account (“ISA”), managed account/wrap (“MAG”) and private asset management/high net worth (“PAM”) composites. The results are based on the overall performance of each individual investment strategy against its respective strategy benchmark, and results are asset weighted so strategies with the largest amount of assets under management have the largest impact on the results. As of 12/31/2014, eight equity teams/strategies accounted for approximately 53% of the total firm equity (PAM, ISA and MAG combined) assets reflected, and eight strategies accounted for approximately 57% of the total firm fixed income (PAM, ISA and MAG combined) assets reflected. The performance of the individual PAM equity teams/strategies is generally shown as a supplemental exhibit to the PAM Equity Composite. The respective ISA, MAG and PAM composite reports, as well as the PAM Management Team supplemental performance exhibits are available upon request. Individual strategies may have experienced negative performance during certain periods of time. Hedge fund, private equity and other private investment vehicle assets are not reflected in the AUM and product outperformance results shown. AUM outperformance for ISA, PAM and MAG strategies is based on gross of fee returns. Gross of fee returns do not reflect the deduction of investment advisory fees and other expenses. If such fees and expenses were reflected, AUM outperformance results would be lower. Investing entails risk, including possible loss of principal. Past performance is no guarantee of future results.

Private Equity Outperformance Note: The performance information includes all funds, both commingled and custom, managed by NB Alternatives Advisers LLC with vintage years of 2002 – 2012, with the exception of a closed-end, public investment company registered under the laws of Guernsey. Percentages are asset-weighted, calculated as the total invested capital of the funds whose performance exceeds their respective benchmarks divided by the total invested capital of all funds with vintage years of 2002 through 2012. The Cambridge Secondary Index was used for secondary-focused funds, the Thomson Reuters Buyout Benchmark was used for co-investment focused funds and the Cambridge Fund of Funds Index was used for commingled fund of funds and NB custom fund of fund portfolios.

This material has been issued for use by the following entities; in the U.S. and Canada by Neuberger Berman LLC, a U.S. registered investment advisor and broker-dealer and member FINRA/SIPC; in Europe, Latin America and the Middle East by Neuberger Berman Europe Limited, which is authorised and regulated by the UK Financial Conduct Authority and is registered in England and Wales, Lansdowne House, 57 Berkeley Square, London, W1J 6ER, and is also regulated by the Dubai Financial Services Authority as a Representative Office; in Australia by Neuberger Berman Australia Pty Ltd (ACN 146 033 801, AFS Licence No. 391401), which is licensed and regulated by the Australian Securities and Investments Commission to deal in, and to provide financial product advice for, certain financial products to wholesale clients; in Hong Kong by Neuberger Berman Asia Limited, which is licensed and regulated by the Hong Kong Securities and Futures Commission; in Singapore by Neuberger Berman Singapore Pte. Limited (Company No. 200821844K),which currently carries out the regulated activity of fund management under the Securities and Futures Act (Chapter 289) (“SFA”) and operates as an Exempt Financial Adviser under section 23(1)(d) of the Financial Advisers Act (Chapter 110) (“FAA”) of Singapore. Under the FAA, NB Singapore is exempted from Sections 25, 27 and 36 of the FAA, where its financial advisory service is provided to an accredited or expert investor (as defined in Section 4A of the SFA); in Taiwan to specific professional investors or financial institutions for internal use only by Neuberger Berman Taiwan Limited, which is licensed and regulated by the Financial Services Commission (“FSC”) and a separate entity and independently operated business, with FSC operating license no.:(102) FSC SICE no.011, and address at: 10F, No. 1, Songzhi Road, Taipei, Telephone number: (02) 87268280; and in Japan and Korea by Neuberger Berman East Asia Limited, which is authorized and regulated by the Financial Services Agency of Japan and the Financial Services Commission of Republic of Korea, respectively (please visit for additional disclosure items required under the Financial Instruments and Exchange Act of Japan). Except for the foregoing, this material is not intended for use or distribution within or aimed at the residents of any other country or jurisdiction. This document is not an advertisement and is not intended for public use or additional distribution in the following jurisdictions: Brunei, Thailand, Malaysia and China.

The "Neuberger Berman" name and logo are registered service marks of Neuberger Berman Group LLC.