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Neuberger Berman Further Expands Asia Retail Footprint

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— UCITS Funds Registered in the Republic of Korea

NEW YORK  /PRNewswire/ — Neuberger Berman, one of the world’s leading employee-controlled investment managers, is pleased to announce further expansion of its UCITS fund platform in Asia with registration of nine of its funds in the Republic of Korea.

The Financial Supervisory Service has authorised nine funds for public offering in the Republic of Korea. As of the end of July 2014, Neuberger Berman currently manages over $18 billion in assets for institutional and individual clients across its Ireland-based UCITS range. This figure also includes over $2 billion from investors in the region.

“We are thrilled that our UCITS funds registration has been completed. We are delighted to see that our diverse range of strategies have drawn attention from clients in the region already, and I believe it will be another excellent opportunity for us to introduce our products, and in particular, help us build deeper relationship with investors in Korea,” said Ryo Ohira, managing director and head of East Asia for Neuberger Berman.

“Neuberger Berman’s investment solutions are based on our firm’s 75-year-old culture and built on a foundation of active management and deep research,” said Joseph Amato, president and chief investment officer of Neuberger Berman. “We are delighted to bring many of our most distinctive UCITS funds to investors in Asia. These funds reflect our best and highest conviction ideas and our portfolio managers’ experience and expertise.”

About Neuberger Berman

Neuberger Berman is a 75-year-old private, independent, employee-controlled investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for global institutions, advisors and individuals. With offices in 16 countries, Neuberger Berman’s team is approximately 2,000 professionals and the company was named by Pensions & Investments as a 2013 Best Place to Work in Money Management. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $257 billion in client assets as of June 30, 2014. For more information, please visit our website at www.nb.com.

All information is as of June 30, 2014, unless otherwise indicated and is subject to change without notice. Firm data, including employee and assets under management figures, reflects collective data for the various affiliated investment advisers that are subsidiaries of Neuberger Berman Group LLC. Firm history dates back to the 1939 founding of Neuberger & Berman (the predecessor to Neuberger Berman LLC).

The “Neuberger Berman” name and logo are registered service marks of Neuberger Berman Group LLC.

 

Media Contact:

Alex Samuelson, +1.212.476.5392, alexander.samuelson@nb.com

Hirotaka Okada, +81.3.5218.1934, hirotaka.okada@nb.com

Source: Neuberger Berman

Written by asiafreshnews

September 8, 2014 at 11:49 am

Posted in Uncategorized

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