Select Your Location
View available investments and insights in your market
Americas
Europe and the Middle East
Asia Pacific

Neuberger Berman Long Short Fund Marks 3-Year Anniversary With 4-Star Rating and Category Outperformance | Neuberger Berman

The content you are trying to access is not available for the global audience. It is available in United States.

Press Release

Neuberger Berman Long Short Fund Marks 3-Year Anniversary With 4-Star Rating and Category Outperformance

Media Contact:

Alex Samuelson, 212.476.5392, Alexander.Samuelson@nb.com

New York, January 22, 2015 — Neuberger Berman, one of the world’s leading private, employee-owned investment managers, is pleased to mark the three-year anniversary of its Long Short Fund (tickers: NLSIX, NLSAX, NLSCX) (the Fund), which has outperformed the HFRI Equity Hedge Index and the Morningstar, Inc. long short equity category average over the three-year period ended December 31, 2014.

Launched on December 29, 2011 and led by veteran portfolio manager Charles Kantor, the Fund’s objectives are to seek long-term capital appreciation with a secondary objective of principal preservation. Since inception, the Fund’s Sharpe Ratio, which measures risk-adjusted performance, ranks in the top decile within the long short equity category average. The Fund has also exhibited lower volatility than its Morningstar peer group average, as measured by standard deviation. Upon reaching this anniversary, the Fund was awarded a 4-star rating by Morningstar, Inc. for the Institutional Class shares, out of 150 long short funds.

Responding to macro-economic events, investors are increasingly choosing strategies that seek to manage exposure to the full volatility of the markets while also enhancing portfolio diversification. Long short equity strategies seek to reduce directional market exposure, while also seeking to capture stock gains in long positions and price declines in short positions. The expanded opportunity set of a long short manager provides additional tools in an effort to generate returns and manage risk.

“As long short managers, we find that opportunity often emerges in transitions—changes in macro and liquidity conditions and in fundamentals among individual stocks. Today, we have plenty to work with, given a constructive U.S. economy coupled with increased market volatility and meaningful changes - both good and bad - at many companies,” Kantor said.

“While dispersion among regions, market capitalizations and sectors created headwinds for many active managers in 2014, we believe it represents a favorable backdrop in 2015 for fundamental long short strategies that seek to achieve favorable risk-adjusted returns through rigorous bottom-up security analysis,” he added.

The Neuberger Berman Long Short Fund is one of a suite of liquid alternatives funds which, when integrated into an asset allocation framework, may help improve an investor’s risk/reward profile and pursue returns while also seeking to mitigate the impact of sharp market drops.

About Neuberger Berman

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide. With offices in 18 countries, Neuberger Berman’s team is more than 2,100 professionals and the company was named by Pensions & Investments as a 2013 and 2014 Best Place to Work in Money Management. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $250 billion in client assets as of December 31, 2014. For more information, please visit our website at www.nb.com.