Insights

CIO Weekly Perspectives | April 27, 2025

Default Not in Our Stars

We don’t think tariffs will cause a major spike in high-yield and loan defaults, and that means current spreads and yields look attractive.

CIO Weekly Perspectives | April 20, 2025

Buried Treasuries

Why U.S. government bonds had a scare, what calmed them down, and what all that suggests for the next few months.

Article | April 16, 2025

Potential Impact of U.S. Tariffs: Private Equity Manager Perspectives

We surveyed our deep network of private equity managers for insights on the impacts of President Trump’s tariff announcement.

Disruptive Forces in Investing | April 15, 2025

Volatility: Finding True Diversifiers

Explore how true diversifiers and dynamic strategies can help investors mitigate market volatility and build resilient portfolios in uncertain times

Fixed Income Investment Outlook | April 15, 2025

Riding Out the Storm

Announced tariffs could have long-term implications, but are already creating windows of opportunity across the fixed income markets.

Asset Allocation Committee Outlook | April 14, 2025

The Storm Before the Calm?

The first weeks of the new U.S. administration have been hugely disruptive—can sentiment improve as focus shifts from trade to tax cuts and deregulation?

CIO Weekly Perspectives | April 14, 2025

First Principles in the Face of Uncertainty

The current situation is unusually difficult to model, and that reinforces the first principles of investment: know your objectives, diversify and rebalance.

Article | April 10, 2025

High Yield’s Eye-Catching Spreads

We believe a yield advantage and improved credit quality make U.S. high yield worth a look.

Equity Market Outlook | April 09, 2025

While surging tariffs and a hard sell-off have sown uncertainty, we expect negotiations to bring some relief on initial tariff proposals, and that sharply slower growth seems more likely than a U.S. recession.

CIO Weekly Perspectives | April 07, 2025

Trade War, or Will Cooler Heads Prevail?

Negotiation or retaliation—the world’s response to the surprisingly aggressive U.S. tariff announcements will be critical.

Article | April 04, 2025

Trump’s Tariffs: The Impact on Fixed Income

New tariffs could hamper U.S. economic growth and change market dynamics for the long term.

Article | April 03, 2025

Neuberger Berman Private Markets: Q4 2024 Preliminary Valuation Summary & Analysis

Doug Manor, Managing Director, Neuberger Berman Private Markets, provides an overview of the private equity markets and an outlook based on trends in the marketplace.

Article | April 02, 2025

Making America’s Chip Fabs Great Again

As national security threats mount, the U.S. aims to revive production of complex computer chips, creating potential opportunities all along the semi supply chain.

Disruptive Forces in Investing | April 02, 2025

It’s April: Time to Talk Taxes

(17:57) Discover how tax-efficient strategies can unlock hidden value in volatile markets.

White Paper | April 01, 2025

The Endowment Model Reimagined

The endowment model defined the “art” of portfolio management, but now it needs to adopt the latest “science.”

CIO Weekly Perspectives | March 30, 2025

It’s ‘Show Me’ Time

Seventy days into the new U.S. administration, we are beginning to accrue enough hard data to correct or confirm the pessimism of recent soft data.

Article | March 27, 2025

German Infrastructure: Catalyst for European High Yield?

We believe the new German government’s infrastructure plans have the potential to materially benefit the European high yield market.

CIO Weekly Perspectives | March 25, 2025

“Wait and Worry” or “Wait and See”?

U.S. consumers aren’t happy, but U.S. executives don’t share their gloom.

White Paper | March 20, 2025

Corporate Hybrids: What Are They?

A short introduction to a unique and fast-growing asset class.

Disruptive Forces in Investing | March 18, 2025

Could Value Stocks Make a Comeback?

(20:32) Is it time for investors to rethink their approach to value investing?

CIO Weekly Perspectives | March 17, 2025

European Renaissance

A broadening of equity market performance beyond U.S. mega-caps was one of our key themes for 2025—right now, Europe is where it is playing out most notably.

Article | March 11, 2025

Rebalancing Act: Rethinking Growth Versus Value

Recent gyrations have highlighted the inherent risk in the U.S. equity market’s growthy tilt—more evidence, in our view, that it’s time to increase exposure to value.

Article | March 11, 2025

The M&A Resurgence: Finding Opportunities in Fixed Income

After years of limited activity, companies are looking for a chance to accelerate M&A, but the new administration and its policies will likely set the tone for dealmaking.

CIO Weekly Perspectives | March 10, 2025

Mr. Trump Goes to Washington

The new U.S. administration has promised many pro-growth policies, but can those ambitions survive the disruptive measures of its early months?

Video | March 09, 2025

2025 Capital Market Assumptions

Neuberger Berman’s 2025 Capital Market Assumptions offers investors intermediate-term (5-10 year) forward-looking return and risk estimates for fixed income, equity, and alternative asset classes across multiple geographies.

Article | March 07, 2025

Going Global in Investment Grade Credit

Investment grade credit yields are attractive even though spreads are tight, and a global approach can add another layer of opportunity.

Disruptive Forces in Investing | March 05, 2025

NVIDIA, DeepSeek and the Evolution of AI

(28:03) How are market assumptions about AI shaping investor sentiment, and what do advancements like DeepSeek mean for the future of semiconductors and global innovation?

CIO Weekly Perspectives | March 04, 2025

Germany’s Game-Changing Election

The country’s politics are getting a boost of uncharacteristic urgency from coming Chancellor Friedrich Merz, with even the constitutional “debt brake” up for grabs.

Article | March 03, 2025

Forget the Magnificent 7: Meet China’s Terrific 10

China’s top tech firms are emerging as global contenders as President Xi Jinping aims to boost innovation and revitalize his country’s economy.

White Paper | March 03, 2025

Local-Currency Frontier Bonds: EMD’s New Horizon

High yields, surprisingly low volatility and strong diversification benefits are attracting investor interest.

Article | February 27, 2025

Hidden Value: Tax-Loss Harvesting in Up Markets

Selling for tax purposes is not just viable during periods of market weakness.

Article | February 25, 2025

Ratings Renaissance in Emerging Market Corporates

In a dynamic environment, we believe emerging market corporate credit ratings should show continued improvement.

CIO Weekly Perspectives | February 24, 2025

Antitrust Angst

Does the retention of the Biden-era M&A guidelines raise more doubts about the new U.S. administration’s pro-business agenda?

Article | February 24, 2025

2024 Proxy Season in Review

For the fifth consecutive year, Neuberger Berman continued our tradition of active engagement in an effort to enhance shareholder value and manage risk for our clients.

CIO Weekly Perspectives | February 16, 2025

A Growth Mindset

For more than two years, inflation news was the prime mover of market prices; we think last week confirmed that a new dynamic is in play.

Disruptive Forces in Investing | February 14, 2025

What Do Tariffs Mean for Private Equity?

(14:34) Ralph Eissler discusses tariffs and Private Equity with host Anu Rajakumar

Article | February 13, 2025

Emerging Markets: Low Corporate Defaults Spell Potential Opportunity

Investors appear to be underestimating credit prospects in a generally moderate economic climate.

Article | February 12, 2025

What’s Next For Pharmacy Benefit Managers?

These giant middlemen claim they help keep drug costs in check, but scrutiny—and competition—are brewing.

White Paper | February 11, 2025

Japanese Equities in 2025: Goldilocks Would Approve

Japanese Equities: Are the “Lost Decades” Finally in the Rear View?

Article | February 11, 2025

Private Markets: As The Ice Breaks

With a liquidity drought fading, investors can return to the more normal task of building private market portfolios designed to pursue unique investment goals.

White Paper | February 10, 2025

Corporate Hybrids Arbitrage: Trading the Ebbs and Flows of Extension Risk

Is there structural mispricing in Corporate Hybrids?

CIO Weekly Perspectives | February 10, 2025

The Tariff Man Cometh…and Go-eth?

Are these levies just a negotiating tool, or an unorthodox revenue-raising scheme? The answer could determine how seriously investors should view them.

Article | February 07, 2025

Local Currency Bonds: The Next Frontier

Frontier markets are well represented in investors’ allocation to USD markets but not so much in local currencies. This may be changing given growing interest in its strong performance and benchmark providers creating more transparency.

Article | February 05, 2025

The Golden Age of Customized AI Chips

As demand for training large-scale AI models shifts to delivering more precise inferencing capabilities, the race to build application-specific chips is heating up.

Article | February 04, 2025

Tariffs Are Here: What Does That Mean for Private Equity?

We believe investments in private equity may be less affected by a tougher U.S. tariff regime than the overall economy.

CIO Weekly Perspectives | February 03, 2025

A More Commodious Curve

By fundamentally changing incentives, a normalizing yield curve makes the bond market much more friendly to investors.

Disruptive Forces in Investing | January 28, 2025

Fixed Income Moves in 2025

(23:42) CIO and Global Head of Fixed Income, Ashok Bhatia, discusses rates, inflation and policy with host Anu Rajakumar and how these forces could impact Fixed Income in 2025.

Article | January 27, 2025

Seeking Perspective On DeepSeek

A Chinese AI start-up claimed its large-language model needs far less computing power than established models. What’s it all mean for chipmakers and the broader economy?

Article | January 27, 2025

Fixed Income: Be Prepared for Policy-Driven Volatility

In the wake of electoral shifts, policy changes could add to market turbulence, creating new risks but also opportunities.

CIO Weekly Perspectives | January 26, 2025

Are We Any Clearer About Trump 2.0?

Were 26 executive orders enough to convey the new administration’s direction and resolve the uncertainties in our outlook?

White Paper | January 23, 2025

Private Equity and Rates, Part II: Do Rates Really Matter for Private Equity?

As the Federal Reserve embarks on a new rate cut cycle, we explore the long-term relationship between interest rates and private equity performance.

Article | January 21, 2025

Brightening Capex: A Value Tailwind?

Global industrial activity appears to be gathering steam, potentially spurring capital expenditures, which could favor value stocks and small caps.

White Paper | January 21, 2025

Corporate Hybrids Take the World Stage—Revisited

The U.S. corporate hybrid market emerged as a competitor to Europe’s in 2024, creating alpha opportunities for global investors like Neuberger Berman.

White Paper | January 20, 2025

Private Equity and Rates, Part I: The Theoretical Framework

Why we think declining rates should raise private equity valuations, and help unblock deal activity and fund distributions.

CIO Weekly Perspectives | January 20, 2025

A Choppy Start to a Year of Uncertainties

The first two weeks of 2025 perfectly illustrate why we see a wide dispersion of potential outcomes for the year, and advocate staying nimble and diversified.

Asset Allocation Committee Outlook | January 20, 2025

A Delicate Balance

We think easing inflation and a pro-business policy environment will support above-trend growth in 2025, but the balance is delicate with risks piled up on both sides.

Article | January 17, 2025

Navigating the Tides of Political Transition

As a new administration takes the helm, we believe investors should stay focused on the economic metrics, not political theatrics.

Fixed Income Investment Outlook | January 15, 2025

Navigating New Fiscal Forces

Monetary policy is giving way to fiscal dynamics in driving market behavior.

CIO Weekly Perspectives | January 13, 2025

Growth, Inflation and Equity Markets

We anticipate a supportive U.S. growth and inflation environment in 2025, but equity investors may not benefit from it by simply tracking the S&P 500 Index.

White Paper | January 09, 2025

Navigating Private Credit’s Next Act

As the private credit market rapidly evolves, we believe investors should consider a more flexible and specialized allocation approach.

Video | January 08, 2025

Comparing Evergreen and Traditional Fund Returns

As the landscape of private equity investing continues to evolve, evergreen funds have emerged as a compelling alternative to traditional funds.

Article | January 08, 2025

The Potential Power Of AI Agents

Unlike traditional bots, these virtual helpers can learn, adapt and manage tasks dynamically—putting us on the cusp of true AI proliferation.

Equity Market Outlook | January 08, 2025

Equity Market Outlook 1Q 2025

We believe a strong economy, rebounding industrial activity, improving liquidity and rising animal spirits should continue to support corporate earnings growth and a broadening of the U.S. equity market in the coming year.

Disruptive Forces in Investing | January 07, 2025

Small Caps, Big Opportunities

(12:12) Anu Rajakumar chats with Greg Spiegel on the opportunities, risks and potential of this asset class

Article | January 06, 2025

Navigating 2025: The Intersection of Sustainability and Pragmatism

How political trends could shape policy decisions and regulatory frameworks this year

CIO Weekly Perspectives | January 06, 2025

The Year Ahead for Bond Markets

Why we think 2025 presents a favorable backdrop for fixed income investors, despite the potential for rising volatility.

Disruptive Forces in Investing | December 17, 2024

Solving for 2025

(27:00) With specialized insights into growth drivers, equity market shifts, and bond market opportunities, we dive into our 2025 outlook, Solving for 2025.

CIO Weekly Perspectives | December 15, 2024

Positive on Equities, Cautious on the S&P 500

Why we think 2025 could bring a long-awaited reward for the discipline of diversification.

Article | December 11, 2024

Navigating the Health Care Industry in Trump’s Second Term

Significant policy proposals could be in store, along with a more business-friendly approach.

Article | December 09, 2024

Emerging Markets Debt Under Trump 2.0

EMD has been more resilient after November’s election than it was after the 2016 result—so, what has changed, and will this resilience last?

CIO Weekly Perspectives | December 08, 2024

Fiscal to the Fore

How the budget battles in France, Germany and even South Korea fit with our fiscally focused investment themes for the year ahead.

Article | December 06, 2024

Private Funds CFO Roundtable: The Strategic CFO

In a roundtable discussion conducted by Private Funds CFO, Barry Giarraputo discusses the role of the CFO In driving strategic direction while ensuring that scalable infrastructure is in place to deliver sustainable growth.

NB Blog | December 03, 2024

Trump 2.0 and the Semiconductor Supply Chain

Donald Trump’s re-election could accelerate efforts to localize semiconductor production and spark more “friend-shoring” across Southeast Asia.

Article | December 03, 2024

Buyouts Secondaries Roundtable: This is Not a Market Moment

In a roundtable discussion conducted by Buyouts, Boriana Karastoyanova evaluates the continued demand for capital solutions in the secondaries market, as both GPs and LPs navigate a shifting market backdrop.

Article | December 02, 2024

The Opportunities Across Private Equity’s Current Liquidity Landscape

There are attractive opportunities for experienced liquidity providers in the current private equity market environment.

CIO Weekly Perspectives | December 01, 2024

COP29: Show Me the Money!

Islands of agreement cannot disguise a rising sea of disappointment, piling pressure on COP30 to restore a spirit of multilateralism.

Article | November 25, 2024

Neuberger Berman Private Markets: Q3 2024 Preliminary Valuation Summary & Analysis

Doug Manor, Managing Director, Neuberger Berman Private Markets, provides an overview of private equity markets and an outlook based on trends in the marketplace.

CIO Weekly Perspectives | November 24, 2024

The Dollar and the Euro: On a Path to Parity?

Why we think it could take longer than expected, with better entry points still to come.

NB Blog | November 20, 2024

Small Caps: What You Don't Know But Should

Small cap stocks span a wide range of characteristics and performance drivers that we believe index funds are not built to exploit.

CIO Weekly Perspectives | November 18, 2024

Back to Business

After a year of tumultuous elections, investors can now refocus on company fundamentals—and the outlook is more nuanced than it might seem.

Disruptive Forces in Investing | November 14, 2024

Disruptive Forces Election Special: Trump's Cabinet

(25:36) Join Anu Rajakumar and Brad Tank as they explore the anticipated differences, potential impacts, and policy directions of Trump 2.0.

Article | November 14, 2024

Key Implications of Trump 2.0 for Private Equity

While the policies and implications of Trump 2.0 are difficult to predict, we remain optimistic about private equity’s ability to navigate change in a dynamic environment and potentially deliver attractive risk-adjusted returns.

White Paper | November 11, 2024

Small Caps: To Index or Not to Index

Small caps are the most passively managed among all equity size categories, yet we believe they offer a highly contoured and target-rich landscape for active stock selection.

Article | November 11, 2024

COP29: Temperature Overshoot, Policy Undershoot

As COP29 gets underway, we consider the meeting agenda against the background of both the climate itself and recent progress on climate policy and financing.

CIO Weekly Perspectives | November 10, 2024

Post-Election Vibes, New Year Realities

The rush into risk assets could last through the end of the year, but thereafter the outlook becomes more complicated.

NB Blog | November 07, 2024

Assessing Trump 2.0

What does the U.S. election mean for growth, inflation, Fed policy and interest rates?

Video | November 07, 2024

Value & Alpha in Private Equity

In this Livewire interview David Stonberg, highlights the advantages of the private equity investment landscape.

Disruptive Forces in Investing | November 06, 2024

Private Real Estate: From Uncertainty to Opportunity

(18:08) Learn more about opportunities and challenges in the Private Real Estate space

NB Blog | November 05, 2024

Small Caps Are Poised to Shine—Here’s Why

Relative valuations, macro drivers, market dynamics: In our view, many signs appear to signal a small cap renaissance in the near- to mid-term.

CIO Weekly Perspectives | November 04, 2024

An Investor's Election Survival Guide

Brace for this week’s uncertainties rather than trying to trade them, and stay focused on the better-known headwinds and tailwinds in the longer-term outlook.

NB Blog | November 04, 2024

Networking the AI Data Center Autobahn

As the AI revolution stokes demand for faster data transfer and reduced latency, a new ecosystem of innovators in various sub-sectors is taking shape.

NB Blog | November 04, 2024

Subdued Tone at the IMF

Uncertainties around trade make for a somber economic summit, even as multilaterals could soften the potential blows.

White Paper | October 30, 2024

Small Caps: The Next Cycle Is Upon Us

We believe higher-quality small caps look poised to outperform their large-cap peers over the near- to mid-term.

NB Blog | October 30, 2024

Real Assets: A Balancing Act

In an environment with more questions than answers, we think real assets investors can benefit from a well-diversified, active approach.

CIO Weekly Perspectives | October 27, 2024

Beware of Buying the Dip in Bonds

Government bonds have sold off rapidly; here’s why we don’t think it’s time to buy back in.

White Paper | October 22, 2024

Equity Market-Neutral Investing: More Than One Type of Catalyst

How going under the radar offers the potential of a sustained uncorrelated return profile in equity market neutral investing.

CIO Weekly Perspectives | October 20, 2024

The U.S. Election, the Economy and the Markets

Taxes, tariffs, regulation and the deficit: What do we know about the U.S. presidential candidates’ economic proposals and their implications for investors?

Asset Allocation Committee Outlook | October 17, 2024

Rates Relief or Slowdown Uncertainty?

Our outlook for lower rates and a soft landing favors U.S. small caps, and we are watching China’s new stimulus closely for its impact on global cyclical assets.

NB Blog | October 15, 2024

Japan's New Prime Minister Should Provide Continuity

Despite initial market jitters, political veteran Shigeru Ishiba seems likely to carry the torch of Japan’s economic revitalization.

Insights

FILTERS

Default Not in Our Stars

Buried Treasuries

Potential Impact of U.S. Tariffs: Private Equity Manager Perspectives

Volatility: Finding True Diversifiers

Riding Out the Storm

The Storm Before the Calm?

First Principles in the Face of Uncertainty

High Yield’s Eye-Catching Spreads

Equity Market Outlook 2Q 2025

Trade War, or Will Cooler Heads Prevail?

Trump’s Tariffs: The Impact on Fixed Income

Neuberger Berman Private Markets: Q4 2024 Preliminary Valuation Summary & Analysis

Making America’s Chip Fabs Great Again

It’s April: Time to Talk Taxes

The Endowment Model Reimagined

It’s ‘Show Me’ Time

German Infrastructure: Catalyst for European High Yield?

“Wait and Worry” or “Wait and See”?

Corporate Hybrids: What Are They?

Could Value Stocks Make a Comeback?

European Renaissance

Rebalancing Act: Rethinking Growth Versus Value

The M&A Resurgence: Finding Opportunities in Fixed Income

Mr. Trump Goes to Washington

2025 Capital Market Assumptions

Going Global in Investment Grade Credit

NVIDIA, DeepSeek and the Evolution of AI

Germany’s Game-Changing Election

Forget the Magnificent 7: Meet China’s Terrific 10

Local-Currency Frontier Bonds: EMD’s New Horizon

Hidden Value: Tax-Loss Harvesting in Up Markets

Ratings Renaissance in Emerging Market Corporates

Antitrust Angst

2024 Proxy Season in Review

A Growth Mindset

What Do Tariffs Mean for Private Equity?

Emerging Markets: Low Corporate Defaults Spell Potential Opportunity

What’s Next For Pharmacy Benefit Managers?

Japanese Equities in 2025: Goldilocks Would Approve

Private Markets: As The Ice Breaks

Corporate Hybrids Arbitrage: Trading the Ebbs and Flows of Extension Risk

The Tariff Man Cometh…and Go-eth?

Local Currency Bonds: The Next Frontier

The Golden Age of Customized AI Chips

Tariffs Are Here: What Does That Mean for Private Equity?

A More Commodious Curve

Fixed Income Moves in 2025

Seeking Perspective On DeepSeek

Fixed Income: Be Prepared for Policy-Driven Volatility

Are We Any Clearer About Trump 2.0?

Private Equity and Rates, Part II: Do Rates Really Matter for Private Equity?

Brightening Capex: A Value Tailwind?

Corporate Hybrids Take the World Stage—Revisited

Private Equity and Rates, Part I: The Theoretical Framework

A Choppy Start to a Year of Uncertainties

A Delicate Balance

Navigating the Tides of Political Transition

Navigating New Fiscal Forces

Growth, Inflation and Equity Markets

Navigating Private Credit’s Next Act

Comparing Evergreen and Traditional Fund Returns

The Potential Power Of AI Agents

Equity Market Outlook 1Q 2025

Small Caps, Big Opportunities

Navigating 2025: The Intersection of Sustainability and Pragmatism

The Year Ahead for Bond Markets

Solving for 2025

Positive on Equities, Cautious on the S&P 500

Navigating the Health Care Industry in Trump’s Second Term

Emerging Markets Debt Under Trump 2.0

Fiscal to the Fore

Private Funds CFO Roundtable: The Strategic CFO

Trump 2.0 and the Semiconductor Supply Chain

Buyouts Secondaries Roundtable: This is Not a Market Moment

The Opportunities Across Private Equity’s Current Liquidity Landscape

COP29: Show Me the Money!

Neuberger Berman Private Markets: Q3 2024 Preliminary Valuation Summary & Analysis

The Dollar and the Euro: On a Path to Parity?