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Press Release

Neuberger Berman Mid Cap Growth Fund Surpasses $1 Billion In Assets

Media Contacts:

Alexander Samuelson, Neuberger Berman, 212.476.5392, Alexander.Samuelson@nb.com


NEW YORK, January 3, 2013 – Macroeconomic concerns around the globe, which dominated investors' thoughts and inhibited their actions in 2012, should become more muted in 2013, allowing for greater emphasis on security and industry sector selection across a range of asset classes, according to portfolio managers and strategists at Neuberger Berman Group LLC, one of the world's leading employee-owned money managers.

Led by veteran manager Kenneth J. Turek, CFA, since January 31, 2003, the Fund’s two share classes with 10-year track records – Trust Class and Investor Class – both rank in the top third of the mid cap growth fund category for the 10 years annualized through February 28, 2014, according to fund tracker Morningstar Inc. The Trust Class and Investor Class also have both outperformed their benchmark, the Russell Midcap Growth Index, for the 10 years annualized through February 28, 2014.

Turek, a fundamental investor for more than 30 years, and his team of analysts seek to identify businesses with potential catalysts for positive market revaluation.

“While we don't anticipate a repeat of 2013’s outsized returns this year, we believe that valuations remain generally reasonable and even attractive for various mid cap segments,” Turek said. “We remain cautiously optimistic about the market and expect 2014 to be a constructive environment for mid cap growth stocks, but one more closely tied to underlying fundamentals, growth rates and a company’s ability to deliver positive differentiation.” 

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 institutions, advisors and individuals worldwide. 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 $242 billion in client assets as of December 31, 2013. For more information, please visit our website at  www.nb.com