co-founder Roy Neuberger
celebrated his 106th birthday on Tuesday. Neuberger, who was born in Bridgeport, Connecticut on July 21, 1903, started the company with
Robert Berman in 1939. The firm rolled out one of the first no-load
funds, the Guardian Fund, in 1950.
| Roy Neuberger |
Neuberger Berman went public in 1999. In July 2003, a day after Neuberger turned 100 years old, Lehman Brothers announced a deal to
buy Neuberger Berman. In May of this year, the company returned to independent life with the completion of an employee-led buyout.
Neuberger has maintained an office at the company until recently.
"The amazing culture he created still serves us well today as a once-again-independent
firm — a prospect he was excited about — and we remain humbled by his example as we embrace new
opportunities," said Neuberger Berman chairman and CEO George Walker
in a statement.
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