Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Neuberger Buys Alts Shop Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, December 2, 2002

Neuberger Buys Alts Shop

by: Sean Hanna, Editor in Chief

Neuberger Berman is purchasing the assets of LibertyView Capital Management from Credit Agricole Indosuez. The bank is a unit of France's Credit Agricole Group. The deal will bring roughly $1 billion in assets under management into Neuberger's shop. It will operate the alternatives shop as a separate division -- the LibertyView Capital Management Division of Neuberger Berman.

Richard A. Meckler, currently president and chief investment officer of LibertyView, will become president of the new division and managing director of Alternative Investments. The LibertyView division will continue to operate from its existing offices in Hoboken, New Jersey and retain its trading, legal, and marketing executives along with professionals in risk control, operations and systems, said Neuberger Berman.

"This is an important strategic acquisition for Neuberger Berman," said Robert Matza, executive vice president and chief operating officer of Neuberger Berman. "LibertyView provides us with greater breadth and depth of product offerings in alternative investments, which are an increasingly important asset class for institutions, as well as high net worth individuals. LibertyView has a solid track record and an outstanding team of professionals. Their quality and integrity fit with the reputation, culture and ethics of Neuberger Berman. We see their expertise in alternative investments as a complement to Neuberger Berman's core strength in equities and fixed-income investment management."

The deal is expected to close at year-end. Neuberger did not disclose other terms, including the price and said that the transaction is subject to the signing of a definitive purchase contract and certain other conditions.

Ten-year-old LibertyView specializes in alternative investments and offers both multi-strategy and single strategy hedge funds. It focuses on equity, credit, volatility and mortgage-backed arbitrage and investing.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use