] this month is introducing the Neuberger Berman Large Cap Value Fund
in A, C and Institutional Classes.
The fund, which has been in incubation and will now be available to outside investors, is managed by newly hired portfolio manager Eli M. Salzmann
, who joined Neuberger Berman from Lord, Abbett & Co. in January 2011 (see The MFWire 01/25/2011)
, to expand the firm's capabilities in U.S. large cap value strategies to institutional and retail investors.
Salzmann will look to bet on undervalued U.S. and multinational companies with market capitalizations exceeding $10 billion and outperform the fund's benchmark, the Russell 1000 Value Index. "This is truly an acively managed, bottom-up portfolio," Salzman told The MFWire
. "I came here because the firm offers amazing opportunities in terms ofthe quality and depth of resources and my history has shown that I have clearly beaten the index."
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