NEUBERGER BERMAN A PRIVATE, INDEPENDENT INVESTMENT MANAGEMENT FIRM IS LAUNCHING AN ACTIVELY MANAGED FUND IN SWITZERLAND
Neuberger Berman, a private, independent, employee-owned investment management firm is launching an actively managed, differentiated global high yield fund focusing on corporate credit securities that meet sustainable investment criteria.
The strategy will target best-in-class issuers through systematic evaluation of environmental, social and governance (ESG) factors and negative exclusion criteria, emphasising active engagement with issuers on ESG factors. Engagement objectives for each issuer are established and aligned with the United Nations Sustainable Development Goals, with progress for the portfolio reported to investors annually.
The fund will invest in securities across the global high yield fixed income universe, with an emphasis on income generation. The portfolio will be diversified by industry and issuer, comprising 90-150 issuers, with a quality focus on BB and B credit.
Chris Kocinski and Joseph Lind will run the fund, supported by a team of four portfolio managers, ESG and impact investing specialists and a global team of more than 70 investment professionals dedicated to global non-investment grade credit markets. Based out of the firm’s Chicago office, Kocinski and Lind have a combined 34 years of high yield credit investing experience and expertise.
Chris Kocinski and Joseph Lind, senior portfolio managers at Neuberger Berman, say: “This fund leverages the scale of our fixed income platform and the rigour of our proprietary ESG process to create a unique platform for engagement with issuers. This will allow us to source best-in-class issuers and quality opportunities that are positively contributing to the future sustainability of the planet.”
Fabio Castrovillari, Head of Client Group Switzerland at Neuberger Berman, says: “The demand for solutions that drive sustainable outcomes beyond investment performance is only gathering pace in Switzerland. Neuberger Berman has evolved its ESG approach across asset classes, including high yield, for a number of years, and this new strategy now offers investors access to a sustainable solution in a space where alternatives remain more limited.”
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment management. The firm manages a range of strategies including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 23 countries, Neuberger Berman’s team is more than 2,100 professionals. For five 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). Tenured, stable and long-term in focus, the firm has built a diverse team of individuals united in their commitment to delivering compelling investment results for our clients over the long term. That commitment includes active consideration of environmental, social and governance factors. The firm manages $339 billion in client assets as of September 30, 2019.
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