The employee-owned investment has unveiled a UK-domiciled fund range, with its first strategy a global long/short equity portfolio run by Steve Eisman, who famously predicted the collapse of the US subprime mortgage market.
Ultimately the new fund range will provides UK investors with access to Neuberger Berman’s platform of equities, fixed income, alternatives and multi asset solutions. Although the creation of the UK-domiciled range will not purely replicate the group’s existing Irish Ucits platform.
Steve Eisman’s TM Neuberger Berman Absolute Alpha Fund is a global long/short equity strategy, with the management team seeking to generate alpha on both the long and short side of the portfolio.
The team will seek to exploit opportunities – both positive and negative – created by sector, company or management disruption and change. The TM Neuberger Berman Absolute Alpha Fund does not aim to be consistently market neutral and can take on a positive or negative directional bias through its net exposure.
Eisman was famously on the right side of the market meltdown more than a decade ago, and was portrayed by Steve Carell in the Hollywood film ‘The Big Short’ about the financial crash.
The investment firm has rolled out the Janus Henderson Absolute Return Fixed Income Fund.
The fund has Ucits status, is denominated in sterling, registered in England and Wales, and will sit in the Investment Association’s targeted absolute return sector.
It will be co-managed by Nick Maroutsos, co-head of global bonds, Dan Siluk, portfolio manager, and Tim Winstone, credit portfolio manager, supported by a team with an average investment experience of 18 years.
BNP Paribas Asset Management
The French asset manager has launched an Environmental, Social and Governance credit exchange-traded fund.
The socially responsible Ucits, called the Easy € Corp Bond SRI Fossil Free Ucits ETF, replicates the Bloomberg Barclays MSCI Eur Corporate SRI Sustainable Reduced Fossil Fuel Index.
It provides investors exposure to low-carbon opportunities under ESG criteria.
The Ucits fund excludes investments in companies that do not respect the United Nations’ global compact principles and that are involved in alcohol, gambling, pornography, tobacco, nuclear, genetically-modified organisms and weapons.
The product is a sub-fund of BNP Paribas Easy, a Sicav registered under Luxembourg law.
However, the Fossil Free ETF will not be available to UK investors because the firm does not have dedicated sales resources in the country, a spokesperson told International Adviser.