Institutional Strategy > Hedge Funds Solutions Platform

Hedge Funds Solutions Platform

Neuberger Berman is an experienced hedge fund solutions provider investing on behalf of institutional, high-net-worth and retail clients via registered liquid alternative funds, custom portfolios, and commingled products.

Leading provider of Liquid Alternative strategies
Focus on funds with modest assets under management
Tactical allocation across hedge fund strategies

David G. Kupperman, PhD

Co-Head, NB Alternative Investment Management

Jeff Majit, CFA

Co-Head, NB Alternative Investment Management

Fred Ingham

Portfolio Manager

Ian Haas, CFA

Portfolio Manager

Overview

Hedge Fund Solutions Advantages

Deep and Stable Team
- Over 60 employees, including 17 dedicated investment professionals located in New York, California and London
- Investing assets on behalf of institutions, high net worth individuals and family offices and third party platforms since 2002
Leader in Liquid Alternatives
- Offer ‘40 Act Funds and UCITS vehicles providing daily liquidity and complete transparency
- Provides access to top quality hedge fund managers at significantly reduced fees
Focused Investing
- Emphasis on modest AUM funds
- Strong history of identifying thematic / opportunistic investments
Streamlined Investment Process
- Focused and disciplined due diligence and decision-making processes
- Independent and robust operational due diligence team able to consult hedge funds on best practices
- Proprietary peer groups to measure managers’ performance relative to peers
Ability to leverage the Neuberger Berman Platform
- Affiliation with experienced professionals across equity, fixed income, research and trading teams enhance due diligence process and help formulate market outlooks

Investment Philosophy

The Hedge Fund Solutions team seeks investment opportunities with an emphasis on absolute returns, low volatility and low sensitivity to broader market movements. The team looks to invest in a diverse range of strategies globally, with a preference for managers that demonstrate the following characteristics:

Greater focus on performance than excessive asset growth
Regard for investors as true partners with whom they are willing to share information
Consideration of strategy and fund capacity constraints
Thoughtfulness in constructing trades with asymmetric risk / reward profiles
Not reliant upon leverage to generate returns

Custom Due Diligence		Concentrated Portfolio
No single systematic "cookie-cutter" approach		Each manager provides unique and diversifying exposures

Avoidance of Tail Risk		Strong Sell Discipline
We avoid managers exhibiting: Excessive leverage Extreme concentration Asset/liability mismatches Excessive market directionality Lapses in operational oversight		Redemption drivers include: Deviation from stated mandate Manager no longer fits in overall portfolio Material changes to risk profile Significant staff turnover Dramatic underperformance