Alternatives
30+ years experience managing alternative investments
OVERVIEW
At Neuberger Berman, nontraditional investment strategies have helped define our client offerings for decades. Our capabilities in the alternative investments space are extensive ranging from private equity to risk premia strategies and insurance-linked strategies.
PLATFORM AT A GLANCE
30+ years
experience managing alternative investments
$130+ bn
in AUM1
200+
dedicated professionals
Senior Investment Professionals have an average of over 20 years of industry experience
Conversation with Anthony D. Tutrone
Watch Now
“Alternative investing is more central to the modern portfolio than ever. Our broad range of Alternative portfolios see to address a range of investor needs–from risk management to income and growth.” ~ Anthony D. Tutrone, Global Head – Alternatives
INSIGHTS
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Public/Private Investing: Broadening Opportunity Within Equities
We believe private equity can serve as a core holding alongside traditional stocks to help improve investment outcomes.
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The Blurred Lines of Public and Private Equity
As capital markets continue to expand over time, corporations and investors alike have had to get creative in their approaches.
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Asset Allocation Committee Outlook
Into the Inflationary Slowdown
As inflation persists and recession risks rise, our Asset Allocation Committee sees more yield potential in fixed income and favors commodities for ongoing inflation exposure, but remains cautious in equities.
Systematically Speaking
Did You Miss the Commodity Boom?
Commodity prices are up substantially this year, but we believe structural supply and demand imbalances mean we are still in the early innings of this cycle.
Article Reprint
Private Markets—From Alternative to Mainstream
In the June 2022 30th Anniversary Issue of Journal of Investing, Erik Knutzen, CIO—Multi-Asset, details the evolution of private markets over the last three decades and highlights the key trends and challenges anticipated for the future.
Disruptive Forces in Investing Podcast
Mythbusting Crypto Investing
(22:11) Digital currency has been considered the new frontier for many investors, so we bring in the experts to explore the ramifications of investing in one of the newer asset classes amid today’s investment backdrop.
Insights
The Historical Impact of Economic Downturns on Private Equity
An assessment of private equity return patterns in three recent significant downturns.
Insights
Alternative Data: Workforce Recovery and the Great Resignation
More displaced workers seem ready to come back into the labor force, but employers may need to watch their highly compensated “stayers.”
Asset Allocation Committee Outlook
Regime Change
While we do not anticipate a recession over the next 12 months, the prospect of slowing growth and stubborn inflation has led us to downgrade our view on equities, and prepare for a new regime in which real assets could generally perform better than financial assets such as stocks and bonds.
Video
Introduction to the Neuberger Berman Commodities Fund
(6:40) In this short video, Hakan Kaya introduces the Neuberger Berman Commodities Fund and gives an overview of the role commodities could play within portfolios.
Disruptive Forces in Investing Podcast
Commodities: An Inflation Hedge for All Seasons?
(24:55) The inflation we’re seeing today is unlike what we have seen in 40 years. Thus commodities have become top of mind as a traditional inflation hedge. But what other factors come into play in asset allocation?
Insights
Commodities and Diversification in 2022: The Best Defense is a Good Offense
Commodities have acted as a call option on “inflationary busts”.
Systematically Speaking
Bitcoin, A Cornerstone Digital Asset: Part 4
Could Bitcoin options be the “picks and shovels” of the cryptocurrency Gold Rush, a way to convert Bitcoin from a “get rich” to a “stay rich” asset?
CIO Weekly Perspectives
Solving for a Year of Inflections
The Solving for 2022 delegates voted on what they think will be this year’s best-performing investment category—and here’s why we think they are right.
Asset Allocation Committee Outlook
Hike Rates and Carry On
A positive economic outlook makes the case for holding risky assets through 2022, in our view, but higher rates are likely to mean higher volatility: we therefore favor a focus on income or “carry” from risky assets, alongside strategies with the potential to withstand price volatility.
CIO Weekly Perspectives
The Fight Against Inflation Has Begun
We think that inflation, central bank policy and real rates will define the battlefield for markets in 2022—but will the most volatile skirmishes come sooner or later in the year?
Disruptive Forces in Investing Podcast
The Future State of Real Estate Investing
(17:33) Real estate, both in the public and private markets, can act as a diversifier during times of uncertainty. But what are the other factors to consider within this asset class?
CIO Weekly Perspectives
Real Rates Are the Key to This Cycle
Most of the consensus trades for 2021 failed in the second half of the year, and we think understanding why could be critical to unlocking the rest of this unique cycle.
Disruptive Forces in Investing Podcast
Taking a Second Look at Real Estate Secondaries
(13:48) With inflation and interest rate risks on the rise, what might make investors want to take a second look at real estate secondaries?
CIO Weekly Perspectives
Inflation Could Unbalance Policy and Portfolios
As inflation pressures build and investors question central bank policies, we think it’s increasingly important to diversify against market volatility and rising prices.
Insights
Solving for 2022: Entering a New Age
Our senior investment leaders look to the coming year in the global economy and markets.
Systematically Speaking
Bitcoin, A Cornerstone Digital Asset: Part 1
Several competitors have emerged to challenge Bitcoin and its blockchain over the past decade, but here’s why our options team believes the original digital asset is the only genuine digital asset.EDUCATION
Private Equity Overview
In this series of educational videos we provide investors with an overview of private equity investing and address some commonly asked questions.
WATCH VIDEO SERIES
An Introduction to Option Investing
In this video series, Derek Devens and Rory Ewing, Portfolio Manager and Research Analyst in the Options Team, introduce the viewers to PutWrite Option investing, how the team manages the strategy and how PutWrite options are being used in investors' portfolios.
WATCH VIDEO SERIES
Video
ESG in Private Equity
(7:43) Maura Reilly Kennedy, Managing Director, NB Private Equity, and Jennifer Signori, Senior Vice President, ESG and Impact Investing, discuss how private equity managers have evolved when it comes to integrating ESG practices into their businesses.
White Paper
Mitigating Inflation Risk at Lower Opportunity Cost
Inflation-mitigating allocations can drag on returns when inflation is subdued: diversifying and tactical allocation can help.$130+ bn AUM1
Hedge Funds & Liquid Alts
Fundamental
Hedge Funds
Liquid Alternatives
Quantitative
Commodities
Options
Global Macro
Risk Parity
Risk Premia
Private Credit
Private Debt
Credit Opportunities
Special Situations
Residential Loans
Specialty Finance
European Private Loans
CONTACT US
For general questions about NB Alternatives, contact your Neuberger Berman representative.
AltsSpecialist@nb.com
Jaques Clough
Alternatives Client Advisor
Avery Kiser
Research Analyst
Jake Rothbard, CAIA, CPA
Alternatives Client Advisor
Noah Shulman
Alternatives Investor Relations Specialist
Jaques Clough, Alternatives Client Advisor
Jaques Clough, CFA, joined the firm in 2018. Jaques is a Senior Vice President at Neuberger Berman and is a senior member of the North American Intermediary Team. He serves as a Client Advisor for Neuberger Berman’s Alternatives Platform. Prior to joining Neuberger Berman, Jaques was a Director of Credit Suisse, where he ran Alternatives Research and Due Diligence for Credit Suisse’s Private Bank Americas. In this capacity, he was responsible for sourcing, evaluating and structuring fund offerings across Private Equity, Real Estate, Private Credit and Hedge Funds. Jaques received an MBA from Columbia Business School and a BA in Economics from Middlebury College. He has been awarded the Chartered Financial Analyst designation.
Avery Kiser, Research Analyst
Avery Kiser, Senior Vice President, joined the Firm in 2005. Avery is a Research Analyst on the NB Alternative Investment Management Team. Previously, she worked at Merrill Lynch during the summer of 2004 as an alternatives investment analyst. Avery graduated from Princeton University with a BSE in Operations Research and Financial Engineering and minors in Finance and Engineering and Management Systems.
Jake Rothbard, CAIA, CPA, Alternatives Client Advisor
Jake Rothbard, Vice President, joined the firm in 2021. Jake is an Alternatives Client Advisor for the North American Intermediary Business, responsible for delivering the firm’s alternative investment solutions to financial advisors. Prior to joining the firm, Jake worked for eight years at Blackstone as a Director and Alternatives Investment Specialist. He was responsible for business development and relationship management of Financial Advisors within the US. Jake earned a BS in Finance from the University of Maryland-College Park. He has earned the CAIA and CPA designations.
Noah Shulman, Alternatives Investor Relations Specialist
Noah Shulman, Client Analyst – North American Intermediary, joined the firm in 2019. As a member of the National Accounts team, he works closely with our Senior Relationship Managers, focusing on the firm’s Broker Dealer Home Office partners. Prior to his current role, Noah worked at Barclays as an Analyst advising the bank’s trading businesses. Noah earned a BA in Economics from Brown University where he was also a member of the baseball team.