~ Erik Knutzen, CFA, CAIA, Chief Investment Officer—Multi-Asset
Multi-Asset Strategies
Multi-Asset Strategies
                                                        Asset Allocation Committee Outlook 4Q 2025
                                                        Rebalancing Risk, Repositioning for Opportunities
                                                        After a remarkably resilient performance in 2025 for the global economy and markets, the Asset Allocation Committee (AAC) maintains confidence in its overall outlook—continued strength in growth and risk assets over the medium term, with targeted tactical exposures across asset classes and regions.
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                                                Multi-Asset Strategies
                                                        CIO WEEKLY PERSPECTIVES
                                                        Recent Credit Stress a Canary in the Coal Mine?
                                                        While idiosyncratic credit risk is beginning to emerge, signs of broader credit or systemic stress are still sparse.
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                                                Our Philosophy
                                                    We partner with clients on outcome-oriented solutions leveraging our array of core and specialist capabilities, tailored to their unique guidelines and objectives. Our research-driven approach is designed to capitalize on market opportunities over a variety of investment horizons.
                                
            Our Platform
                                        Leverage insights from portfolio managers averaging 25+ years’ experience investing in equity, fixed income, real assets and alternatives across public and private markets 
                $558bn
                
            
        Firm Assets Under Management
    
                776
                
            
        Investment Professionals
    
                100%
                
            
        Independent and Employee-Owned
    Multi-Asset Portfolio Management Centers
                                                            Global Investment Presence Leveraging On-the-Ground Insights
                        
An Introduction to Multi-Asset at Neuberger Berman
        "We leverage the depth and breadth of the Neuberger Berman platform to build multi-asset class solutions that pursue our client's long-term investment objectives"
            Multi-Asset Investment Offerings
                                                    Actively managed macro, systematic, income-focused and global multi-asset strategies to navigate the evolving investment landscape by responding nimbly to market opportunities
                                
            SUSTAINABLE MULTI-ASSET
MACRO MULTI-ASSET
MULTI-ASSET REAL RETURN
PUBLIC/PRIVATE TOTAL RETURN
CUSTOM DIRECT INVESTING
Stewardship & Sustainable Investing
                                        We consider financially material environmental, social and governance factors across our multi-asset solutions and offer a range of solutions tailored to meet client objectives and criteria. 
                        
        
                Integration
                
            
    Above median scores in every UN-supported Principles for Responsible Investment (PRI) reported category1
                Proprietary Views
                
            
    Internally developed sector-relevant company ratings vs peers on over 4,000 equities and 2,700 credit issuers
                Customized Solutions
                
            
    Innovative implementation to address range of goals, including net-zero
How We Collaborate with Clients
                                                
        
CASE STUDY    
        Developed a suite of customized multi-asset model portfolios with a sustainability focus, combining NB offerings with select third party strategies2
Cost-Efficient    
        Portfolios constructed with a mix of active and passive strategies
Integration    
        Innovative research to seek to drive excess return, risk mitigation and positive outcome
Strategic Asset Allocation    
        Leverage proprietary fundamental and quantitative research
Tactical Views    
        Dynamic exposure adjustments to capture valuation opportunities and manage risk across global markets
Latest Thinking
                            
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