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Neuberger Berman Launches Long/Short UCITS Fund

Stephen Little

21 November 2014

has launched a new long short multi-manager UCITS fund managed by its hedge fund solutions group.

The Neuberger Berman Long Short Multi-Manager Fund is a sub-fund of its Irish-domiciled UCITS fund umbrella allocating its assets to a select group of external hedge fund advisors that invest primarily in global equities.
 
“We launched this fund in response to client demand for focused single strategy portfolios alongside our existing multi strategy UCITS fund. This new fund will invest in equity focused long short strategies diversified across managers, geographies and sectors, allowing investors to gain exposure to active long and short stock selection whilst reducing exposure to general market risk,” said Dik van Lomwel, head of EMEA and Latin America at Neuberger Berman.