August 06, 2025

Railpen awards a major securitised credit mandate to Neuberger Berman, strengthening their partnership and expanding institutional exposure to innovative fixed income solutions.

Peter Ru, PhD, Managing Director, joined the firm in 2017. Peter is the General Manager of Neuberger Berman Overseas Investment Fund Management (Shanghai) Ltd., based in Shanghai. Peter has extensive experience in Global and China's capital markets, having previously worked as CIO for Galaxy Fund Management, Shanghai HFT Fortune A.M., Invesco Great Wall F.M. and Morgan Stanley Hua Xin FM. Prior to his time in China, Peter worked in the U.S. in various senior capacities managing strategies in asset classes such as U.S. Treasuries, core, core plus and U.S. Mortgages, most notably with Morgan Stanley Investment Management, servicing Central Banks amongst others. Peter received a BS in Physics from Fudan University, an MS in Business from Carnegie Mellon’s Tepper School of Business and a PhD in Physics at Drexel University.

Jose Pluto, CFA, Managing Director, joined the firm in 2021. Jose is a Portfolio Manager within the Global Securitized Products team, where he is focused on securitized credit. Previously, Jose was Head of Mortgage Credit Research for Aegon Asset Management, where he oversaw research efforts across several structured finance sectors. Additionally, Jose has held research and investment roles at Thornburg Investment Management and Stark Investments and worked in the interest rate products groups at Goldman Sachs, Bank One and J.P. Morgan. Jose earned a BA from Dartmouth College and an MBA from Northwestern University's Kellogg School of Management. He has been awarded the Chartered Financial Analyst designation.

Jason Smith, Managing Director, joined the firm in 1997. Jason is a Senior Portfolio Manager within the Global Securitized Products team. He serves as a Portfolio Manager on multiple fixed income strategies, with primary responsibility for mortgage-backed securities. Previous to his portfolio management and trading responsibilities, he was involved in macroeconomic research. Jason received his BA in Mathematics and Economics from Duke University.

Gregory P. Francfort, Managing Director, rejoined the firm in 2009. Greg is a Senior Portfolio Manager for the Messinger Group and before that served as the Director of Global Equity Research since November 2009. Greg had previously retired from Neuberger Berman in 2004 to manage personal investments and to teach security analysis at Columbia Business School. He was a Portfolio Manager in the Straus Group from 1994 to 2004 and prior to that served as the firm’s Director of Research. Prior to joining Neuberger Berman, Greg was the Associate Director of Equity Research and a technology stock analyst at First Boston Corporation where he was an Institutional Investor All-Star analyst in two industries. Greg earned a BS in Civil Engineering from Rutgers University, summa cum laude, and an MBA from the University of Pennsylvania, the Wharton School.

D. Pike Aloian is a Managing Director of Neuberger Berman and a member of Almanac’s investment committee. Mr. Aloian is responsible for the origination, structuring and management of the investment of Almanac’s funds. Prior to joining Almanac in 1988, he was a vice president at The Harlan Company, where he was responsible for property acquisition, development and financing. Mr. Aloian serves on the boards of EastGroup Properties (NYSE:EGP), Merritt Properties, Shaner Hospitality Finance, and Welcome Group. He has also served on the boards of Brandywine Realty Trust (NYSE:BDN), BSR Trust (formerly known as Summit Housing Partners), CRT Properties (NYSE:CRO), Denholtz Holdings, Drawbridge Realty Trust, Metrogate LLC, Morningstar Mini-Storage, Shaner Hotel Holdings, Shaner Mortgage REIT, Victory Real Estate Investments and Mount Auburn. He has also served as an adjunct professor of the Columbia University Graduate School of Business. Mr. Aloian graduated from Harvard College in 1976 and received an MBA from Columbia University in 1980.

Mr. Haltiner is a member of Almanac’s investment committee and is the portfolio manager of the Almanac Realty Securities (“ARS”) Fund Series. He is responsible for the origination, structuring, and management of the investments across Almanac’s funds. He currently serves on the boards of ECI Group, CIP Real Estate 2.0, Storage Post, CIP Real Estate 1.0 and Welcome Group. He has formerly served on the boards of Shaner Hospitality Finance, Winter Properties, Westcore Properties and Claros Mortgage Trust. Prior to joining Almanac in 2008, he was in the Real Estate Finance and Securitization Group of Credit Suisse. Mr. Haltiner graduated from the University of Georgia in December 2006 with a Bachelor of Business Administration in Finance.

Mr. Silberstein is a member of Almanac’s investment committee and is responsible for the origination, structuring and management of the investments of Almanac’s funds. He currently serves on the boards of CIP Real Estate, L3 Capital, PREP Property Group, Claros Mortgage Trust and Davlyn Investments. He has also served on the boards of NRES Holdings, RXR Realty, Welsh Property Trust, Winter Properties, WPT Industrial Real Estate Investment Trust (TSX:WIR), RAIT Financial Trust (NYSE: RAS), Westcore Properties and Slate Asset Management. Prior to joining Almanac in 2009, he served as the Chief Investment Officer and Chief Operating Officer for Stoltz Real Estate and during the same period established AMS Real Estate Partners. Prior to that, he worked in real estate investment banking and private equity, first at Bear Stearns and then Morgan Stanley. He has been a member of National Association of Real Estate Investment Trusts, the Urban Land Institute and ICSC. Mr. Silberstein graduated from Yale University in 1989 and received an M.B.A. in 1995 from New York University Stern School of Business where he was a Glucksman Fellow.

Dmitry Gasinsky, CFA, Managing Director, joined the firm in 2005. Dmitry is a Senior Portfolio Manager overseeing Private US Residential Real Estate Debt Strategies. Prior to assuming his current role, Dmitry served as head of US mortgage credit research, leading the team’s research, modeling, quantitative strategy, and quantitative investment / portfolio analysis effort, while also being directly involved in new product development, analysis and implementation. Prior to joining the firm, he spent three years at The Vanguard Group, where he served as a fixed income trader and assisted in managing $16 billion in municipal bond assets. Dmitry earned an AB degree in Economics with distinction from Cornell University and an MBA with concentration in Analytic Finance from the University of Chicago. He has also been awarded the Chartered Financial Analyst designation.

Christopher Kramer, Senior Vice President, joined the firm in 2017 as an Portfolio Manager and Senior Trader on the Investment Grade Credit team. Christopher is responsible for trading the TMT, Consumer Cyclical, Capital Goods, and Transportation sectors. Previously, he worked in a similar capacity at Wells Capital Management for the Montgomery Fixed Income team where he began his career in 2010. Christopher received a BA in Business with a concentration in Finance from Gonzaga University.

Yulin (Frank) Yao is Managing Partner and Senior Portfolio Manager at Green Court Capital Management. Prior to founding the firm, he was Vice Chairman of Asia and Managing Director at Neuberger Berman (“NB”) and Senior Portfolio Manager for the NB Greater China Investment Team, originally joining NB in 2008. Previously, he was a Managing Director and Senior Portfolio Manager at Avenue Capital where he was responsible for directing the investment activities of the Avenue Greater China Equity Funds. From 2004 to 2007, he was an Executive Vice President and Chief Investment Officer at Hua An Fund Management where he managed a team of over 40 investment professionals with overall responsibility for investment, research and trading for RMB 50 billion (or US$7 billion) assets. Frank also played a leading role, along with Lehman Brothers, in designing, launching and managing the Hua An International Balanced Fund, China’s first QDII investment fund. He helped triple the firm’s assets under management during the period. From 2002 to 2004, Frank worked for Berens Capital, a New York based hedge fund investment firm, where he was responsible for portfolio construction, quantitative analysis and risk management. From 1999 to 2001, Frank developed and managed a quantitative equity portfolio at Alpha Asset Management. From 1996 to 1999, Frank conducted global asset allocation and risk management at Goldman Sachs and from 1993 to 1996 helped build the mortgage backed securities analytics for Dow Jones (formerly Telerate), all in the US. Frank was a member of the Standing Committee of the Chinese People’s Political Consultative Conference (CPPCC) in Shanghai Pudong from 2006 to 2017. He used to sit on the QDII Expert Committee for China Securities Regulatory Commission (CSRC). He was also a member of the Financial Market Expert Group for PBOC (PRC’s central bank) from 2005 to 2007. Frank received an MBA in Finance in 1998 from the Stern School of Business at New York University, where he was honored as a Stern Scholar. He conducted Ph.D studies in Engineering at Columbia University, earned an MS from Georgia Institute of Technology and a BS from Fudan University.

Pieter D'Hoore, Managing Director, joined the firm in 2018 as Head of European Private Debt. Prior to joining Neuberger Berman, Pieter was heading Private Debt at NN (formerly known as ING Insurance). Previously, Pieter held several roles in portfolio management and fixed income structuringat ING. He started his career as a trader at Delta Lloyd Securities. Pieter graduated from the University of Leuven as a Master in International Politics and a Postgraduate in Business Economics. He earned a Master in Financial Economics from the Leuven School of Business Economics.

Brad C. Tank, Managing Director, joined Neuberger Berman in 2002 and served as Chief Investment Officer and Global Head of Fixed Income until 2023. In 2024, he held the roles of Global Head of Fixed Income and Co-Chief Investment Officer. Currently, Brad serves as a Senior Advisor in Fixed Income. Up until 2025, he was an active member of several key committees at Neuberger Berman, including the Partnership, Investment Risk, Asset Allocation Committees, and Fixed Income’s Investment Strategy Committee. From inception in 2008 through 2014, Brad was also Chief Investment Officer of Neuberger Berman’s Multi-Asset Class Investment business. From 1990 to 2002, Brad was director of fixed income for Strong Capital Management in Wisconsin. He was also a member of the Office of the CEO and headed institutional and intermediary distribution. In 1997, Brad was named “Runner Up” for Morningstar Mutual Fund Manager of the Year. From 1982 to 1990, he was a vice president at Salomon Brothers in the government, mortgage and financial institutions areas. Brad earned a BBA and an MBA from the University of Wisconsin.

Dave Edwards, Head of Workplace Technology, joined Neuberger Berman in 2004. Dave has global responsibility for the firm's End User Technology environment, including Microsoft 365 services, workstation and VDI technology, remote access, audio/visual and conferencing technology, and mobility. Prior to his current role, he served as the Head of Platform & Core Services, overseeing the server, storage and core services for the firm. Before joining the firm, Dave spent four years at Lehman Brothers, where he held a senior infrastructure position, and 10 years as a senior consultant with a Microsoft partner firm. He holds a degree in Management Science & Information Systems, with a second major in Economics from Rutgers University.

John San Marco, CFA, Senior Vice President, joined the firm in 2014. John is a Senior Research Analyst in the Global Equity Research Department, covering retail and e-commerce. He was named a TopGun Investment Mind by Brendan Wood International in 2021, 2023 and 2024, and has discussed the consumer sector on appearances at CNBC, WSJ, Bloomberg and Barron’s, among others. For six years prior to joining the firm, he was an equity analyst at Janney Montgomery Scott, where Institutional Investor recognized him as a “Rising Star” in the consumer goods sector. Before that, he worked for Wells Fargo (formerly Wachovia) for two years each in the credit capital markets division and the equity research department, analyzing securities across the capital structure in the consumer sector. John earned a BS from Fordham University and is a CFA Charterholder. Accolades referenced are issued by independent third-parties and may be based on a wide-range of criteria, which may include assets under management, revenue generated and satisfaction/quality assessments. Information regarding specific criteria is available upon request and generally may be found on such third-party’s website. Third-party accolades referenced do not reflect the experiences of any Neuberger Berman client and readers should not view such information as representative of any particular client’s experience or assume that they will have a similar investment experience as any previous or existing client. Third-party accolades are not indicative of the past or future performance of any Neuberger Berman product or service.

Peter Raith, Senior Vice President, joined the firm in 2010. Peter is a Senior Portfolio Manager who is responsible for strategy development, investment sourcing and capital markets for private market residential real estate credit management strategies. Peter joined the firm after a 17 year career in the Mortgage and Structured Products divisions at Morgan Stanley, Lehman Brothers, and most recently, Bank of America. Prior to his career in fixed income, Peter spent several years in the management and leasing of commercial real estate. Peter earned a BS in finance and accounting from the University of Kansas and an MBA from Loyola University of Chicago.

December 09, 2024

New York, NY, December 9, 2024 – Neuberger Berman, a private, independent, employee-owned investment manager, is honored to be ranked first among companies with 1,000 employees or more in the 2024 “Best Places to Work in Money Management” survey by Pensions & Investments.

August 21, 2024

(17:09) Unpacking the influence of the Asia Equities market as it relates to big tech with Eileen Furukawa

July 31, 2024

As artificial intelligence tools gather steam, what’s the potential impact on businesses, investors and the planet?

July 28, 2024

What do slowing growth, lower inflation, tight credit spreads and a steepening yield curve mean for our fixed income views for the rest of the year?

May 05, 2024

How higher rates for longer could be positive for U.S. consumption.

March 10, 2024

The artificial intelligence investment theme made the “Magnificent Seven”—but could soon begin to disrupt it.

February 12, 2024

Corporate credit offers tight spreads and a broad consensus—might the complex crosscurrents of securitized products be more interesting?

December 12, 2023

New York, NY, December 12, 2023 – Neuberger Berman, a private, independent, employee-owned investment manager, is honored to be second among companies with 1,000 employees or more in the 2023 “Best Places to Work in Money Management” survey by Pensions & Investments.

November 20, 2023

Securitized credit, and especially mortgage-backed securities, can be an attractive source of income while waiting for volatile bond markets to settle.

June 06, 2023

(19:40) Given the market crises that have challenged real estate markets, is there a silver lining to be found in commercial real estate?

April 17, 2023

Why we think recent banking-sector stress has made already attractive U.S. mortgage securities even more keenly valued.

March 07, 2023

(18:58) Could chatbots and artificial intelligence take over? Or simply change the way we work?

December 12, 2022

Neuberger Berman, a private, independent, employee-owned investment manager, is honored to be ranked first among companies with 1,000 employees or more in the 2022 “Best Places to Work in Money Management” survey by Pensions & Investments.

September 27, 2022

August 14, 2022

The run-up to China’s leadership meetings this fall is delaying substantial policy changes, in our view creating opportunities in advance of potential economic improvement next year.

May 31, 2022

The world faces a $15 trillion infrastructure financing gap by 2040, and cash-strapped governments are increasingly calling on private capital to achieve their digitalization, decarbonization, supply-chain enhancement and social-infrastructure goals.

December 13, 2021

November 18, 2021

February 03, 2020