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Neuberger Berman Launches Opportunistic Bond Fund

Arti Mehta, Reporter, London, 20 January 2017

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The New-York headquartered firm has expanded its UCITS capabilities.

Neuberger Berman has launched the Neuberger Berman Global Opportunistic Bond Fund, adding to its fixed income UCITS offering.

The new fund seeks attractive risk-adjusted returns by opportunistically investing in a diversified mix of fixed rate and floating rate debt securities across sectors, and under varying market environments, the firm said. The management team shifts allocations in response to changing market conditions, with no persistent biases or tilts. This enables the fund to exploit market mispricing across a broad global opportunity set.

The investment manager’s fixed income team has been running this strategy in segregated accounts since October 2012, and delivered an annualised return of 4.6 per cent from this date to 31 December 2016.

The new fund will be co-managed by Andrew Johnson, head of global investment grade fixed income; Jon Jonsson, senior portfolio manager of global fixed income; Ugo Lancioni, head of currency management; and Thanos Bardas, head of rates. The fund bolsters the firm’s global fixed income range, which also includes the US Strategic Income, the Global Bond Absolute Return and the Global Bond funds.

Neuberger had $120 billion of fixed income assets under management at 30 September 2016.

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