Neuberger Berman Group has launched the Neuberger Berman Flexible Select Fund, a mutual fund for US investors accessing the top ideas from the less-benchmark constrained equity teams at Neuberger Berman.
The fund seeks to provide attractive risk-adjusted returns with lower volatility than the broader US equity market.
Neuberger Berman Flexible Select Fund is a long-only, actively managed diversified fund that combines the top holdings from multiple higher tracking error, absolute-return oriented equity teams at the firm. The fund will employ approximately 17 to 20 distinct portfolio management teams at Neuberger Berman that currently manage assets primarily for high net worth clients. The fund also has the ability to invest in cash and bonds as necessary, based on the underlying asset allocations of the various portfolio management teams.
Selection, review, risk-weighting and rebalancing of the fund’s underlying investment managers will be overseen by an investment committee chaired by Joseph Amato (pictured), president and chief investment officer of Neuberger Berman.
The Neuberger Berman teams that comprise the fund have been chosen for their attractive long-term track records, risk management, and liquidity.
"At Neuberger Berman, we have more than 40 talented teams under our roof investing globally across the market spectrum, and our new Flexible Select Fund aims to bring some of their best ideas to mutual fund investors," says Amato. "As clients are increasingly interested in outcomes, this fund also provides the oversight of an expert investment committee to allocate and rebalance the portfolio."
