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2023 Annual Report

In this anniversary edition of the Annual Report, we explore our rich heritage and ongoing pursuit of innovation.
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Standing the Test of Time

This year will be the 15th since Neuberger Berman reclaimed its independence and the 85th since it was founded in 1939. It can catch us by surprise—because we tend to think of ourselves as a nimble, forward-moving, innovative outfit—but with every passing year we become one of those “venerable” firms that has stood the test of time. Born in the aftermath of the Depression, we were reborn in the furnace of the Great Financial Crisis. And today, as many competitors in active asset management struggle against the onslaught of volatile markets and other industry headwinds, leading them to cut costs and headcount, we have been fortunate to grow.

This year, we highlight how we are…

  • Building on the culture that has kept us strong since 1939
  • Investing to become a leader in fixed income
  • Positioning for the great capital-shortage opportunity in private markets
  • Developing new tools for our clients, from evergreen funds to separately managed accounts for wealth management
  • Standing for active management, including in ESG and sustainable investing
  • Embracing the AI revolution
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“Over the years and decades, much has changed in the investing landscape and at our firm. And because Neuberger Berman tries to marry continuity and innovation, the history of the investment landscape and the history of our firm are closely entwined.”

George Walker, Chairman and Chief Executive Officer