Neuberger Berman Launches UCITS Absolute Return Multi-Strategy Fund
October 31, 2013
Anji Stewart, Neuberger Berman, +44(0)20 3214 9013, Anji.Stewart@nb.com
London, October 31, 2013 – Neuberger Berman, one of the world's leading employee–controlled asset managers, today announced the launch of the Neuberger Berman Absolute Return Multi–Strategy Fund (ARMS), following the rapid success of the US regulated version of the same strategy, launched in May 2012.
The Multi–Manager product targets positive absolute returns with low market exposure, through diversified allocations to proven hedge fund strategies. At the same time, it addresses the structural drawbacks of hedge fund investing through a client–friendly UCITS vehicle. The structure offers investors key features such as daily dealing, no performance fees at any level, a capped total expense ratio, high levels of transparency and control of assets through the exclusive use of managed accounts.
The Fund will be managed by Neuberger Berman's long–standing alternative investment management group, with over 35 staff and a track record of hedge fund investing of more than 11 years, backed up by independent firm risk management and operational functions.
Fred Ingham, Co–Portfolio Manager for the Neuberger Berman Absolute Return Multi–Strategy Fund said: "In the current environment of low bond yields and longer term inflation risk, as well as uncertain equity valuations, hedge funds can offer a particularly attractive alternative, with the ability to benefit from rising rates, as well as from increasing dispersion in global equity markets."
Dik van Lomwel, Head of Neuberger Berman EMEA and LatAm said: "We wanted to offer clients the opportunity to re–engage with hedge funds at an opportune time, but within a structure which directly tackles the historic drawbacks of cost, liquidity and transparency."
The above press release is for information purposes only and it should not be regarded an offer or solicitation of an offer. We do not represent that this information, including any third party information, is accurate or complete and it should not be relied upon as such. Investing entails risks, including possible loss of principal. Past performance is not indicative of future results. The information contained in this press release is given at the date of its publication (unless otherwise marked) and is subject to updating, revision and amendment.
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