Neuberger Berman Introduces Global Allocation Fund

Neuberger Berman Group LLC launched the Neuberger Berman Global Allocation Fund, which is the firm’s first global portfolio with broad investment latitude and an emphasis on risk management for mutual fund investors. 


The fund blends fundamental and quantitative investment analysis to determine asset allocation and security selection, the company said in its announcement. It seeks to provide exposure to global equity, fixed income and currency markets through a variety of investment instruments, including long and short positions in individual securities, index instruments, exchange traded funds as well as derivatives.

The fund employs a proprietary top-down asset allocation model to establish a “tactical tilt,” making allocation decisions among the various investment regions and asset classes. It also employs a proprietary bottom-up security selection model to add value by choosing global securities the Fund’s managers believe are most likely to perform well relative to other investment options.

The Neuberger Berman Global Allocation Fund is managed by a team with decades of portfolio management and research experience in global allocation strategies, with current assets under management of $1.9 billion. The team includes Wai Lee, chief investment officer of Neuberger Berman’s Quantitative Investment Group; Bobby Pornrojnangkool, PhD, Alex Da Silva, and Ping Zhou, PhD – portfolio managers from the Quantitative Investment Group – Joseph Amato, the firm’s president and chief investment officer; and Brad Tank, chief investment officer for fixed income.

It will trade with tickers: NGLAX, NGLCX, NGLIX.