Neuberger Berman launches next generation space economy fund

1.05% TER

Elliot Gulliver-Needham
clock • 1 min read
Hari Ramanan, portfolio manager for Neuberger Berman
Image:

Hari Ramanan, portfolio manager for Neuberger Berman

Neuberger Berman has launched a new space economy fund in Europe, aiming to invest in equities related to space infrastructure.

Neuberger Berman Next Generation Space Economy is a UCITS fund that will invest primarily in firms that "are involved in or derive benefit from the next generation space economy". The fund is run by portfolio managers Michael Barr and Hari Ramanan, who are based in New York and have a three-year track record in the sector. It will have a maximum management fee and TER on the Institutional (I) share class of 0.85% and 1.05% respectively Seraphim Space trust CEO: Space companies face 'wave of consolidation' Barr said: "The range of current and potential future opportunities presen...

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