New York (HedgeCo.Net) – One of the world’s leading employee-owned money managers, announced today the launch of Neuberger Berman Long Short Multi-Manager Fund.
“Unlike traditional hedge funds, the Fund provides daily liquidity, lower investment minimums ($1,000 for Class A and C shares), and 1099s for shareholders, while offering full transparency of portfolio holdings without a performance-based management fee.” Neuberger Berman said. “It employs the risk management and monitoring, mix of managers and long short strategies, and operational due diligence traditionally available only to institutional and high-net-worth investors through traditional hedge funds.”
Managed by members of the Neuberger Berman Hedge Fund Solutions group, the managers include, David Kupperman, Ph.D., managing director; Jeff Majit, managing director; Ian Haas, senior vice president; Fred Ingham, managing director; and Eric Weinstein, managing director. The team currently manages the $630 million Neuberger Berman Absolute Return Multi-Manager Fund, introduced in 2012. Overall, Neuberger Berman currently manages over $42 billion in mutual fund assets.
“We believe ‘liquid alternatives’ – hedge fund strategies in a mutual fund format – can present attractive solutions for investors who have not been able to access traditional hedge funds as well as for defined contribution plan sponsors seeking to provide their participants with a full range of investment options,” said David Kupperman.
Alex Akesson
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