New York (HedgeCo.Net) – Global hedge fund giant Neuberger Berman Group LLC., has launched the Neuberger Berman Flexible Select Fund, a mutual fund for U.S. investors accessing the ideas of the less-benchmark constrained equity teams at Neuberger Berman.
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 17-20 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, president and chief investment officer of Neuberger Berman. The teams that comprise the Fund have been chosen for their attractive long-term track records, risk management, and liquidity.
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