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Rating:Lipper Sends Fund to Neuberger Not Rated 3.0 Email Routing List Email & Route  Print Print
Thursday, April 25, 2002

Lipper Sends Fund to Neuberger

by: Sean Hanna, Editor in Chief

Nueberger Berman is getting more than just portfolio managers from Lipper & Company, reports the New York Post. Neuberger will take over the Lipper high yield mutual fund, according to a filing with the SEC. Lipper also filed paperwork to close two additional funds, Lipper U.S. Equity and Lipper Merger fund.

The funds are being closed due to a "lack of investor interest", according to the filings.

Lipper's fourth european stock fund was not mentioned in the filings.

The paper reports that the Lipper U.S. Equity has only $6 million in assets and that the Lipper Merger has about $1 million. The two funds had $24 million and $2.5 million.  

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