Neuberger Berman, a private, independent, employee-owned investment manager, has launched the Neuberger Berman Event Driven Fund.
The UCITS fund will be run by a highly experienced senior portfolio investment team with 23 years of average experience. Led by senior portfolio manager Joe Rotter, the team of seven seasoned investors is supported by Neuberger Berman’s deep equity research department. The fund is designed to perform well in all cycles, but particularly in times of market volatility.
Utilising a multi-strategy approach with robust risk management to minimise market beta and factor exposure, the fund will aim to generate absolute returns by taking advantage of the mispricing that occurs as a result of corporate change, such as IPOs and mergers and acquisitions. In environments with high corporate activity, the managers will dynamically allocate capital to the sub-strategies displaying the highest risk-adjusted returns.
Joe Rotter, senior portfolio manager at Neuberger Berman, comments: “The last six months have seen investors flock to safety as geopolitics, inflation and rising rates continue to heighten volatility across markets. Through this event driven UCITS fund, we can offer investors a unique approach to capturing absolute returns from ongoing swings in sentiment. As a client focused firm, it is important we build on the depth and breadth of our team and provide solutions to the challenges our investors are experiencing at the time they most need it.”
Jose Cosio, head of global intermediary ex US at Neuberger Berman, adds: “Investors are facing a turbulent period and are increasingly looking for true diversification within portfolios. We are pleased to offer clients a strategy with market neutral positioning and risk-adjusted returns managed by a deep bench of expert investors with varied backgrounds from hedge funds to investment banking.”
Investing in the fund is subject to risk, including counterparty, currency, derivatives, interest rate, liquidity, market and operational risk.
