Friday, December 09, 2011
Neuberger Plays PM Musical Chairs
Reported by Hung Tran
Neuberger Berman Group LLC
] has appointed Eli Salzmann
as manager for the Neuberger Berman Partners Fund
and the Neuberger Berman AMT Partners Portfolio
, effective immediately. Salzmann, who joined
the firm earlier this year from Lord, Abbett & Co.
to PM the firm's U.S. large cap value equity strategies, will continue to manage the Neuberger Berman Large Cap Value Fund
and its fundamental Large Cap Value strategy for institutional clients.
Neuberger also appointed Michael Greene
PM of the Neuberger Berman Regency Fund
, the Neuberger Berman AMT Regency Portfolio
, and associated sub-advised accounts, effective immediately. Greene currently serves as managing director and PM within The Greene Group, one of over 40 investment teams within Neuberger Berman.
S. Basu Mullick, managing director and formerly PM of the Partners and Regency funds, and his team, are pursuing other opportunities, according to the firm.
NEUBERGER BERMAN APPOINTS ELI SALZMANN MANAGER OF PARTNERS FUND
Michael Greene to Manage Regency Fund
NEW YORK, December 9, 2011 – Neuberger Berman Group LLC, one of the world’s leading employee-owned money managers, is pleased to announce the appointment of Eli M. Salzmann as manager for the Neuberger Berman Partners Fund (tickers: NPNAX, NPNCX, NBPIX, NPRTX, NBPTX, NBPBX, NPNRX) and the Neuberger Berman AMT Partners Portfolio, effective immediately.
Mr. Salzmann, 47, who joined the firm in January 2011 as a managing director and portfolio manager specializing in U.S. large cap value equity strategies, will continue to manage the Neuberger Berman Large Cap Value Fund (tickers: NVAAX, NVACX, NLRLX) and our fundamental Large Cap Value strategy for institutional clients.
In total, Mr. Salzmann will manage over $2.2 billion in assets for institutional and individual investors.
“We’re delighted to have Eli Salzmann take the helm of one of Neuberger Berman’s largest and longstanding mutual funds,” said Joseph Amato, Neuberger Berman’s president and chief investment officer for equities. “Eli is a highly regarded portfolio manager with over 20 years of investment experience.”
Mid Cap Value
Additionally, Michael C. Greene has been appointed manager of the Neuberger Berman Regency Fund (tickers: NBRAX, NBRCX, NBRTX, NBRVX, NBREX, NBRRX), the Neuberger Berman AMT Regency Portfolio, and associated sub-advised accounts, effective immediately.
Mr. Greene, 52, is managing director and portfolio manager within The Greene Group, one of over 40 distinct investment teams within Neuberger Berman. Including the new portfolio management
duties, Mr. Greene and his colleagues will manage over $2.4 billion across mid, small, and all cap value strategies using their intrinsic value approach. “Michael and his team provide significant depth of research and experience in the mid-cap space,” Mr. Amato said, “We are pleased to make their strategy available to the broader marketplace.”
S. Basu Mullick, managing director and formerly manager of the Partners and Regency funds, and his team, are pursuing other opportunities.
About Neuberger Berman
Established in 1939, Neuberger Berman is one of the world’s leading independent and employee- controlled asset management companies, managing approximately $183 billion in assets as of September 30, 2011, including $81 billion in equities, $85 billion in fixed income, and $17 billion in alternatives. Neuberger Berman provides a broad range of global investment solutions to institutions and individuals through customized separately managed accounts, mutual funds and alternative investment products. For more information, please visit our website at www.nb.com.
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