Neuberger Berman acquires insurance-linked strategies manager Cartesian Re and affiliated reinsurer Iris Re

(Hedgeweek) Neuberger Berman has broadened its alternative investment platform with the acquisition of specialist asset manager Cartesian Re, which, with its affiliate Iris Re, manages more than USD1 billion in assets under management (AUM) focussing on the insurance-linked strategies (ILS) asset class.

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