2025 Neuberger Investment Leaders' Summit

The panel discussed four strategic themes for 2025: Disruption from Trade Wars, Rotation to Fiscal from Monetary, (Be-) labored Monetary Policy, and Geopolitics. They reviewed the direct and indirect impacts of tariffs, the challenges of fiscal and monetary policy, and the instability caused by various conflicts around the world.

Panelists: Joe Amato, President & Chief Investment Officer – Equities; Maya Bhandari, Chief Investment Officer – Multi-Asset Strategies, EMEA; Ashok Bhatia, Chief Investment Officer & Global Head – Fixed Income

Private equity investors face a different set of challenges and opportunities than in the past, stemming from policy shifts, market volatility, and macro concerns. This session examined the ways in which private equity is evolving, and how allocators are responding and more actively managing their portfolios.

Panelists: Shoaib Khan, Director & Chief Investment Officer, New Jersey Division of Investment; Elizabeth Traxler, Managing Director – Private Investment Portfolios & Co-Investments

The private credit market has continued to grow, with direct lending taking market share from the broadly syndicated loan market. Our investment leaders examined the asset class and highlighted the factors contributing to this growth.

Panelists: Susan Kasser, Head of Private Debt; Erik Knutzen, Co-Chief Investment Officer – Multi-Asset

The private credit market has evolved beyond traditional direct lending to capture a larger universe of asset-based exposures. Our investment leaders discussed the ways in which asset-based lending can be a diversifying complement to longer duration strategies and provide attractive sources of income.

Panelists: Dmitry Gasinsky, Head of Residential Real Estate Finance Strategies; Peter Sterling, Head of Specialty Finance

Cassie Kozyrkov, CEO, Kozyr; AI Luminary, Former Chief Decision Scientist, Google; and Pioneer of Decision Intelligence

These interactive breakout sessions provided an opportunity for seasoned professionals from Neuberger Berman and our clients to participate in two 30-minute discussions on various topics, including: Analytical Tools to Optimize Portfolio Outcomes; Broadening Equity Markets: Opportunities ex-U.S.; Navigating Today’s Real Estate Environment; Private Equity in DC Plans; and The Endowment Model Reimagined.

Our panel of peers discussed their approaches to asset allocation and portfolio construction, sharing their insights on how they are navigating the risks and opportunities in markets.

Panelists: Brad Dyslin, Global Chief Investment Officer & President, Aflac Global Investments; Leslie Lenzo, Chief Executive Officer & Chief Investment Officer, Hershey Trust Company; Mikaël Limpalaër, Head of Americas, AustralianSuper | Moderator: Anu Rajakumar, Multi-Asset Advisor

Christopher Crevier, Head of U.S. Institutional Client Group