Insights

Article | February 2025

Tariffs Are Here: What Does That Mean for Private Equity?

We believe investments in private equity may be less affected by a tougher U.S. tariff regime than the overall economy.

CIO Weekly Perspectives | February 2025

A More Commodious Curve

By fundamentally changing incentives, a normalizing yield curve makes the bond market much more friendly to investors.

Disruptive Forces in Investing | January 2025

Fixed Income Moves in 2025

(23:42) CIO and Global Head of Fixed Income, Ashok Bhatia, discusses rates, inflation and policy with host Anu Rajakumar and how these forces could impact Fixed Income in 2025.

Article | January 2025

Fixed Income: Be Prepared for Policy-Driven Volatility

In the wake of electoral shifts, policy changes could add to market turbulence, creating new risks but also opportunities.

NB Blog | January 2025

Seeking Perspective On DeepSeek

A Chinese AI start-up claimed its large-language model needs far less computing power than established models. What’s it all mean for chipmakers and the broader economy?

CIO Weekly Perspectives | January 2025

Are We Any Clearer About Trump 2.0?

Were 26 executive orders enough to convey the new administration’s direction and resolve the uncertainties in our outlook?

White Paper | January 2025

Private Equity and Rates, Part II: Do Rates Really Matter for Private Equity?

As the Federal Reserve embarks on a new rate cut cycle, we explore the long-term relationship between interest rates and private equity performance.

White Paper | January 2025

Corporate Hybrids Take the World Stage—Revisited

The U.S. corporate hybrid market emerged as a competitor to Europe’s in 2024, creating alpha opportunities for global investors like Neuberger Berman.

NB Blog | January 2025

Brightening Capex: A Value Tailwind?

Global industrial activity appears to be gathering steam, potentially spurring capital expenditures, which could favor value stocks and small caps.

Asset Allocation Committee Outlook | January 2025

A Delicate Balance

We think easing inflation and a pro-business policy environment will support above-trend growth in 2025, but the balance is delicate with risks piled up on both sides.

CIO Weekly Perspectives | January 2025

A Choppy Start to a Year of Uncertainties

The first two weeks of 2025 perfectly illustrate why we see a wide dispersion of potential outcomes for the year, and advocate staying nimble and diversified.

White Paper | January 2025

Private Equity and Rates, Part I: The Theoretical Framework

Why we think declining rates should raise private equity valuations, and help unblock deal activity and fund distributions.

NB Blog | January 2025

Navigating the Tides of Political Transition

As a new administration takes the helm, we believe investors should stay focused on the economic metrics, not political theatrics.

Fixed Income Investment Outlook | January 2025

Navigating New Fiscal Forces

Monetary policy is giving way to fiscal dynamics in driving market behavior.

CIO Weekly Perspectives | January 2025

Growth, Inflation and Equity Markets

We anticipate a supportive U.S. growth and inflation environment in 2025, but equity investors may not benefit from it by simply tracking the S&P 500 Index.

White Paper | January 2025

Navigating Private Credit’s Next Act

As the private credit market rapidly evolves, we believe investors should consider a more flexible and specialized allocation approach.

NB Blog | January 2025

The Potential Power Of AI Agents

Unlike traditional bots, these virtual helpers can learn, adapt and manage tasks dynamically—putting us on the cusp of true AI proliferation.

Video | January 2025

Comparing Evergreen and Traditional Fund Returns

As the landscape of private equity investing continues to evolve, evergreen funds have emerged as a compelling alternative to traditional funds.

Equity Market Outlook | January 2025

We believe a strong economy, rebounding industrial activity, improving liquidity and rising animal spirits should continue to support corporate earnings growth and a broadening of the U.S. equity market in the coming year.

Disruptive Forces in Investing | January 2025

Small Caps, Big Opportunities

(12:12) Anu Rajakumar chats with Greg Spiegel on the opportunities, risks and potential of this asset class

Article | January 2025

Navigating 2025: The Intersection of Sustainability and Pragmatism

How political trends could shape policy decisions and regulatory frameworks this year

CIO Weekly Perspectives | January 2025

The Year Ahead for Bond Markets

Why we think 2025 presents a favorable backdrop for fixed income investors, despite the potential for rising volatility.

Disruptive Forces in Investing | December 2024

Solving for 2025

(27:00) With specialized insights into growth drivers, equity market shifts, and bond market opportunities, we dive into our 2025 outlook, Solving for 2025.

CIO Weekly Perspectives | December 2024

Positive on Equities, Cautious on the S&P 500

Why we think 2025 could bring a long-awaited reward for the discipline of diversification.

Article | December 2024

Navigating the Health Care Industry in Trump’s Second Term

Significant policy proposals could be in store, along with a more business-friendly approach.

Article | December 2024

Emerging Markets Debt Under Trump 2.0

EMD has been more resilient after November’s election than it was after the 2016 result—so, what has changed, and will this resilience last?

CIO Weekly Perspectives | December 2024

Fiscal to the Fore

How the budget battles in France, Germany and even South Korea fit with our fiscally focused investment themes for the year ahead.

Article | December 2024

Private Funds CFO Roundtable: The Strategic CFO

In a roundtable discussion conducted by Private Funds CFO, Barry Giarraputo discusses the role of the CFO In driving strategic direction while ensuring that scalable infrastructure is in place to deliver sustainable growth.

NB Blog | December 2024

Trump 2.0 and the Semiconductor Supply Chain

Donald Trump’s re-election could accelerate efforts to localize semiconductor production and spark more “friend-shoring” across Southeast Asia.

Article | December 2024

Buyouts Secondaries Roundtable: This is Not a Market Moment

In a roundtable discussion conducted by Buyouts, Boriana Karastoyanova evaluates the continued demand for capital solutions in the secondaries market, as both GPs and LPs navigate a shifting market backdrop.

Article | December 2024

The Opportunities Across Private Equity’s Current Liquidity Landscape

There are attractive opportunities for experienced liquidity providers in the current private equity market environment.

CIO Weekly Perspectives | December 2024

COP29: Show Me the Money!

Islands of agreement cannot disguise a rising sea of disappointment, piling pressure on COP30 to restore a spirit of multilateralism.

Article | November 2024

Neuberger Berman Private Markets: Q3 2024 Preliminary Valuation Summary & Analysis

Doug Manor, Managing Director, Neuberger Berman Private Markets, provides an overview of private equity markets and an outlook based on trends in the marketplace.

CIO Weekly Perspectives | November 2024

The Dollar and the Euro: On a Path to Parity?

Why we think it could take longer than expected, with better entry points still to come.

NB Blog | November 2024

Small Caps: What You Don't Know But Should

Small cap stocks span a wide range of characteristics and performance drivers that we believe index funds are not built to exploit.

CIO Weekly Perspectives | November 2024

Back to Business

After a year of tumultuous elections, investors can now refocus on company fundamentals—and the outlook is more nuanced than it might seem.

Disruptive Forces in Investing | November 2024

Disruptive Forces Election Special: Trump's Cabinet

(25:36) Join Anu Rajakumar and Brad Tank as they explore the anticipated differences, potential impacts, and policy directions of Trump 2.0.

Article | November 2024

Key Implications of Trump 2.0 for Private Equity

While the policies and implications of Trump 2.0 are difficult to predict, we remain optimistic about private equity’s ability to navigate change in a dynamic environment and potentially deliver attractive risk-adjusted returns.

Article | November 2024

COP29: Temperature Overshoot, Policy Undershoot

As COP29 gets underway, we consider the meeting agenda against the background of both the climate itself and recent progress on climate policy and financing.

White Paper | November 2024

Small Caps: To Index or Not to Index

Small caps are the most passively managed among all equity size categories, yet we believe they offer a highly contoured and target-rich landscape for active stock selection.

CIO Weekly Perspectives | November 2024

Post-Election Vibes, New Year Realities

The rush into risk assets could last through the end of the year, but thereafter the outlook becomes more complicated.

NB Blog | November 2024

Assessing Trump 2.0

What does the U.S. election mean for growth, inflation, Fed policy and interest rates?

Video | November 2024

Value & Alpha in Private Equity

In this Livewire interview David Stonberg, highlights the advantages of the private equity investment landscape.

Disruptive Forces in Investing | November 2024

Private Real Estate: From Uncertainty to Opportunity

(18:08) Learn more about opportunities and challenges in the Private Real Estate space

NB Blog | November 2024

Small Caps Are Poised to Shine—Here’s Why

Relative valuations, macro drivers, market dynamics: In our view, many signs appear to signal a small cap renaissance in the near- to mid-term.

CIO Weekly Perspectives | November 2024

An Investor's Election Survival Guide

Brace for this week’s uncertainties rather than trying to trade them, and stay focused on the better-known headwinds and tailwinds in the longer-term outlook.

NB Blog | November 2024

Subdued Tone at the IMF

Uncertainties around trade make for a somber economic summit, even as multilaterals could soften the potential blows.

NB Blog | November 2024

Networking the AI Data Center Autobahn

As the AI revolution stokes demand for faster data transfer and reduced latency, a new ecosystem of innovators in various sub-sectors is taking shape.

NB Blog | October 2024

Real Assets: A Balancing Act

In an environment with more questions than answers, we think real assets investors can benefit from a well-diversified, active approach.

White Paper | October 2024

Small Caps: The Next Cycle Is Upon Us

We believe higher-quality small caps look poised to outperform their large-cap peers over the near- to mid-term.

CIO Weekly Perspectives | October 2024

Beware of Buying the Dip in Bonds

Government bonds have sold off rapidly; here’s why we don’t think it’s time to buy back in.

White Paper | October 2024

Equity Market-Neutral Investing: More Than One Type of Catalyst

How going under the radar offers the potential of a sustained uncorrelated return profile in equity market neutral investing.

CIO Weekly Perspectives | October 2024

The U.S. Election, the Economy and the Markets

Taxes, tariffs, regulation and the deficit: What do we know about the U.S. presidential candidates’ economic proposals and their implications for investors?

Asset Allocation Committee Outlook | October 2024

Rates Relief or Slowdown Uncertainty?

Our outlook for lower rates and a soft landing favors U.S. small caps, and we are watching China’s new stimulus closely for its impact on global cyclical assets.

NB Blog | October 2024

Japan's New Prime Minister Should Provide Continuity

Despite initial market jitters, political veteran Shigeru Ishiba seems likely to carry the torch of Japan’s economic revitalization.

CIO Weekly Perspectives | October 2024

What Is the Opposite of Confirmation Bias?

Many investors say they anticipate a soft landing for the U.S., but market swings suggest they are seizing on any excuse to position against that thesis.

Fixed Income Investment Outlook | October 2024

Treading Carefully Downhill

Fixed income investors are welcoming rate cuts, but caution on duration and selectivity on credit remains important.

Article | October 2024

The 2024 Election: Navigating Potential Financial Sector Shifts

We believe the outcome of the US presidential election could alter fundamental dynamics across the financial sector: Banking regulation, crypto, private equity, insurance—all stand to be shaped by the winner in November. Here is a look at some key areas and, in our view, the potential implications for investors.

Disruptive Forces in Investing | October 2024

Private Debt: The Appeal, The Fears & The Facts

(22:21) Whether you are a seasoned investor or new to the world of Private Debt, this episode offers valuable perspectives on navigating the dynamic asset class.

CIO Weekly Perspectives | October 2024

Amplified Volatility Leads to Muted Bets

To get through the current environment, we think it is important not to chase the markets, but to let them come to you.

Equity Market Outlook | October 2024

Equity Market Outlook 4Q 2024

Despite a slowing U.S. economy, we reaffirm many of our Q3 recommendations and think the odds of an imminent recession remain low.

CIO Weekly Perspectives | October 2024

CLOs Go Mainstream

Rates are on their way down—so why are investors lining up for these floating-rate securities?

Disruptive Forces in Investing | September 2024

Rates and REITs

(22:26) Is now the right time to return to REITs?

White Paper | September 2024

Comparing Evergreen and Traditional Fund Returns

As the landscape of private equity investing continues to evolve, evergreen funds have emerged as a compelling alternative to traditional funds.

CIO Weekly Perspectives | September 2024

The Fed “Recalibrates” to Buy Some Insurance

Rate-cutting cycles have tended to favor risk assets, so it was gratifying to see the central bank get started with a meaningful move.

Article | September 2024

Returning to REITs

As inflation declines and interest rates are cut, the future may be brightening for one of the most beaten-down U.S. equity sectors.

Article | September 2024

Technology Runs Through Asia

Across the “Golden Triangle” and beyond, Asian companies are forming a foundation for global technological growth and development.

CIO Weekly Perspectives | September 2024

The Fifth Stage of Pocketbook Grief

Economic data has been resilient, but everyone seems unhappy—will the consumer cheer up in time to avoid triggering a recession?

Disruptive Forces in Investing | September 2024

Amid the Volatility: What Are Investors’ Best Options?

(22:19) What are investors Options? Sitting down with Derek Devens, Senior Portfolio Manager of the Neuberger Berman Options Group to discuss this fearless sector.

Article | September 2024

The U.S. Election and Energy: More Than Meets the Eye

The presidential candidates have well-known policy profiles on energy, but how could they translate in the real world?

CIO Weekly Perspectives | September 2024

Balance Is Critical for the Obstacles Ahead

Rising inflation may be behind us, but now a nervous market parses every data release for signs of recession.

Article | September 2024

Buyouts Keynote Interview: Private equity for all

In a keynote interview conducted by Buyouts, Peter von Lehe discusses how the democratization of private equity is about expanding access to the asset class by solving the structural and operational barriers to investing.

CIO Weekly Perspectives | September 2024

Why Japan Bounced Back

A huge market shock and a prime Minister heading for the exit—does any of what happened in August affect the long-term investment story for Japan?

Article | August 2024

Basel III Endgame and the “Reg Cap” Opportunity

Tighter bank capital regulation looks set to make U.S. banks adopt a risk-transfer practice that has long been common in Europe—and attractive to investors.

Video | August 2024

Neuberger Berman Private Markets: Q2 2024 Preliminary Valuation Summary & Analysis

Doug Manor, Managing Director, Neuberger Berman Private Markets, provides an overview of private equity markets and an outlook based on trends in the marketplace.

CIO Weekly Perspectives | August 2024

Municipal Fixed Income: Shelter From the Storm?

Technical factors and market volatility are creating a value opportunity in the U.S. municipal market.

Disruptive Forces in Investing | August 2024

Let the [Micro] Chips Fall Where They May

(17:09) Unpacking the influence of the Asia Equities market as it relates to big tech with Eileen Furukawa

CIO Weekly Perspectives | August 2024

It’s Hard to Relax

It’s time for a well-deserved, late-summer breather, yet geopolitical tensions continue to mount.

Article | August 2024

Private Debt: Few Facts Behind the Fears

Despite a rising tide of negative media coverage, we believe that private debt still has tremendous potential to deliver attractive risk-adjusted returns for investors.

Article | August 2024

Tier One Interview: Susan Kasser

In conversation with Jay Judas, CEO of Tier One, Susan Kasser, Head of Private Debt, discusses the ins and outs of private debt, why PPLI and private debt pair well together, and more.

CIO Weekly Perspectives | August 2024

Carried Away

The most important trigger for the recent equity sell-off wasn’t the U.S. jobs data, or the Fed, or even mega-cap tech earnings, but the Bank of Japan.

Disruptive Forces in Investing | August 2024

Elections, Equities and the Economy

(19:30) Does it matter if elections are close?

CIO Weekly Perspectives | August 2024

Innovation, Conflict and a Mysterious Disappearance

This year’s recommendation for vacation reading is a fascinating page-turner about one of the early 20th century’s most influential inventors.

Article | August 2024

Corporate Hybrid Issuers Adopt a 30-Year Maturity Standard

A growing trend for issuing corporate hybrids with shorter contractual maturities is further reducing aspects of risk in the asset class.

Article | July 2024

A New Era for Small Caps?

After a decade of lagging market results, stocks of small companies seem poised for a resurgence.

Article | July 2024

U.S. Election: The Policy Choice

Putting rhetoric and personality (mostly) aside, we explore key policy differences—and similarities—between the political combatants.

Article | July 2024

Gen AI: The Next Wave

As artificial intelligence tools gather steam, what’s the potential impact on businesses, investors and the planet?

CIO Weekly Perspectives | July 2024

A Soft Landing Is Still a Landing

What do slowing growth, lower inflation, tight credit spreads and a steepening yield curve mean for our fixed income views for the rest of the year?

CIO Weekly Perspectives | July 2024

A Change in Leadership?

As Biden withdraws, we are seeing an historic rotation into small-cap stocks and a growing opinion-polling lead for Donald Trump—are the two things related?

Article | July 2024

Putting Put-Writing Into Perspective

When equities sputter, market volatility simmers and interest rates remain elevated, we believe underwriting market risk—by writing puts on the S&P 500 Index—can be a capital-efficient strategy for investors seeking to generate a diversified source of income in an uncertain economic environment.

Article | July 2024

Insights

FILTERS

Tariffs Are Here: What Does That Mean for Private Equity?

A More Commodious Curve

Fixed Income Moves in 2025

Fixed Income: Be Prepared for Policy-Driven Volatility

Seeking Perspective On DeepSeek

Are We Any Clearer About Trump 2.0?

Private Equity and Rates, Part II: Do Rates Really Matter for Private Equity?

Corporate Hybrids Take the World Stage—Revisited

Brightening Capex: A Value Tailwind?

A Delicate Balance

A Choppy Start to a Year of Uncertainties

Private Equity and Rates, Part I: The Theoretical Framework

Navigating the Tides of Political Transition

Navigating New Fiscal Forces

Growth, Inflation and Equity Markets

Navigating Private Credit’s Next Act

The Potential Power Of AI Agents

Comparing Evergreen and Traditional Fund Returns

Equity Market Outlook 1Q 2025

Small Caps, Big Opportunities

Navigating 2025: The Intersection of Sustainability and Pragmatism

The Year Ahead for Bond Markets

Solving for 2025

Positive on Equities, Cautious on the S&P 500

Navigating the Health Care Industry in Trump’s Second Term

Emerging Markets Debt Under Trump 2.0

Fiscal to the Fore

Private Funds CFO Roundtable: The Strategic CFO

Trump 2.0 and the Semiconductor Supply Chain

Buyouts Secondaries Roundtable: This is Not a Market Moment

The Opportunities Across Private Equity’s Current Liquidity Landscape

COP29: Show Me the Money!

Neuberger Berman Private Markets: Q3 2024 Preliminary Valuation Summary & Analysis

The Dollar and the Euro: On a Path to Parity?

Small Caps: What You Don't Know But Should

Back to Business

Disruptive Forces Election Special: Trump's Cabinet

Key Implications of Trump 2.0 for Private Equity

COP29: Temperature Overshoot, Policy Undershoot

Small Caps: To Index or Not to Index

Post-Election Vibes, New Year Realities

Assessing Trump 2.0

Value & Alpha in Private Equity

Private Real Estate: From Uncertainty to Opportunity

Small Caps Are Poised to Shine—Here’s Why

An Investor's Election Survival Guide

Subdued Tone at the IMF

Networking the AI Data Center Autobahn

Real Assets: A Balancing Act

Small Caps: The Next Cycle Is Upon Us

Beware of Buying the Dip in Bonds

Equity Market-Neutral Investing: More Than One Type of Catalyst

The U.S. Election, the Economy and the Markets

Rates Relief or Slowdown Uncertainty?

Japan's New Prime Minister Should Provide Continuity

What Is the Opposite of Confirmation Bias?

Treading Carefully Downhill

The 2024 Election: Navigating Potential Financial Sector Shifts

Private Debt: The Appeal, The Fears & The Facts

Amplified Volatility Leads to Muted Bets

Equity Market Outlook 4Q 2024

CLOs Go Mainstream

Rates and REITs

Comparing Evergreen and Traditional Fund Returns

The Fed “Recalibrates” to Buy Some Insurance

Returning to REITs

Technology Runs Through Asia

The Fifth Stage of Pocketbook Grief

Amid the Volatility: What Are Investors’ Best Options?

The U.S. Election and Energy: More Than Meets the Eye

Balance Is Critical for the Obstacles Ahead

Buyouts Keynote Interview: Private equity for all

Why Japan Bounced Back

Basel III Endgame and the “Reg Cap” Opportunity

Neuberger Berman Private Markets: Q2 2024 Preliminary Valuation Summary & Analysis

Municipal Fixed Income: Shelter From the Storm?

Let the [Micro] Chips Fall Where They May

It’s Hard to Relax