Neuberger Berman adds Global Flexible Credit UCITS Fund to its $150* billion Fixed Income Platform

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Fiona Kehily, +44 (20) 3214 9087, Fiona.Kehily@nb.com

London, 15 June 2020 – Neuberger Berman, a private, independent, employee-owned investment manager, has launched the Neuberger Berman Global Flexible Credit Fund, a UCITS fund now available to international investors. The launch distils into a fund format Neuberger Berman’s past decade of experience and strong investment results in managing flexible credit mandates on behalf of institutional clients globally.

The Neuberger Berman Global Flexible Credit Fund is a relative value, credit-focused strategy with the flexibility to invest across sectors, rating cohorts and geographies in order to generate durable income and strong total returns over a cycle. Portfolio managers Dave Brown, Norman Milner, Joe Lynch and Vivek Bommi complete the fund’s management team.

Dave Brown, senior portfolio manager at Neuberger Berman, says: “The portfolio will adapt to changing markets utilising best ideas sourced by Neuberger Berman’s fundamentally driven research and sector expertise and will leverage the depth of knowledge and expertise across Neuberger Berman’s global fixed income platform of over 170 professionals in eight cities and on three continents. Given where valuations are currently, an investor’s ability to have flexible credit selection will be the determining factor to enhance yield and strong total returns as markets gradually normalise against a backdrop of zero bound policy rates.”

Dik van Lomwel, head of EMEA and Latin America at Neuberger Berman, adds: “Our fund launches are typically the result of ongoing client dialogue and we are proud to launch this fund with over $200 million of external capital. This strategy, which leverages the expertise already offered to our global institutional clients over the past decade, enables a broader investor universe to gain exposure to the array of opportunities present in global credit markets without being beholden to a quality, sector or regional bias.”

*As of 31 March 2020.

About Neuberger Berman

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity, real estate and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 24 countries, Neuberger Berman’s diverse team has 2,300 professionals. For six consecutive years, the company has been named first or second in Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). The firm was awarded an A+ in every category in the latest 2019 PRI report for our approach to ESG integration across asset classes. The firm manages $330 billion in client assets as of March 31, 2020. For more information, please visit our website at www.nb.com.