Neuberger Berman Launches Event Driven UCITS Fund

London, November 2, 2022 – Neuberger Berman, a private, independent, employee-owned investment manager, has launched the Neuberger Berman Event Driven Fund.

The UCITS fund will be run by a highly experienced senior portfolio investment team with 23 years of average experience. Led by senior portfolio manager Joe Rotter, the team of seven seasoned investors is supported by Neuberger Berman's deep equity research department. The fund is designed to perform well in all cycles, but particularly in times of market volatility.

Utilising a multi-strategy approach with robust risk management to minimise market beta and factor exposure, the fund will aim to generate absolute returns by taking advantage of the mispricing that occurs as a result of corporate change, such as IPOs and mergers and acquisitions. In environments with high corporate activity, the managers will dynamically allocate capital to the sub-strategies displaying the highest risk-adjusted returns.

Joe Rotter, senior portfolio manager at Neuberger Berman, comments: “The last six months have seen investors flock to safety as geopolitics, inflation and rising rates continue to heighten volatility across markets. Through this event driven UCITS fund, we can offer investors a unique approach to capturing absolute returns from ongoing swings in sentiment. As a client focused firm, it is important we build on the depth and breadth of our team and provide solutions to the challenges our investors are experiencing at the time they most need it.”

Jose Cosio, head of global intermediary ex US at Neuberger Berman, adds: “Investors are facing a turbulent period and are increasingly looking for true diversification within portfolios. We are pleased to offer clients a strategy with market neutral positioning and risk-adjusted returns managed by a deep bench of expert investors with varied backgrounds from hedge funds to investment banking.”

Investing in the fund is subject to risk, including counterparty, currency, derivatives, interest rate, liquidity, market and operational risk.

About Neuberger Berman

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity, real estate and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 26 countries, Neuberger Berman’s diverse team has over 2,600 professionals. For eight consecutive years, the company has been named first or second in Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). Neuberger Berman is a PRI Leader, a designation, since last assessed, that was awarded to fewer than 1% of investment firms for excellence in Environmental, Social and Governance (ESG) practices. In the 2021 PRI Assessment, the firm obtained the highest possible scoring for its overarching approach to ESG investment and stewardship, and integration across asset classes. The firm manages $408 billion in client assets as of September 30, 2022. For more information, please visit our website at www.nb.com.

Media Contact:

Fiona Kehily
Neuberger Berman
+44 (20) 3214 9087
Fiona.Kehily@nb.com