Neuberger Berman has launched a fund driven by corporate events, led by senior portfolio manager Joe Rotter.
The Neuberger Berman Event Driven fund aims to generate absolute returns by taking advantage of the mispricing that occurs as a result of corporate change, such as IPOs and mergers and acquisitions. In environments with high corporate activity, the managers said they will "dynamically allocate capital to the sub-strategies displaying the highest risk-adjusted returns". Led by Rotter, the team of seven on the UCITS fund will work with the firm's equity research department. It is designed to perform well in all cycles, but particularly in times of market volatility. The firm added t...
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