28 Jun 2017 Neuberger Berman launches Uncorrelated Strategies Fund
Neuberger Berman has extended its alternative fund range with the launch of the Neuberger Berman Uncorrelated Strategies Fund, a sub-fund of their Irish-domiciled UCITS umbrella. The fund received seed capital of $71m from clients in the UK, Switzerland and Scandinavia and is registered for sale in the UK and Europe.
It seeks to generate positive absolute returns that are uncorrelated to equities and fixed income over a market cycle. The investment team looks for differentiated strategies such as global macro, equity market neutral, short term trading and trend following.
The Neuberger Berman Uncorrelated Strategies Fund is intended for investors who desire less correlated outcomes and access to alternative strategies at a much lower fee load.