A portfolio manager at Man Group has decamped to Neuberger Berman to help expand the asset manager's growing lineup of alternative mutual funds.
Neuberger Berman, the money manager that was part of Lehman Brothers until that firm failed, has more than doubled its assets in East Asia since March 2010 and plans to add staff in the region.
Neuberger Berman Group has announced it has hired 22 emerging markets debt (EMD) investment professionals, 19 of whom have joined the firm from ING Investment Management, where they managed over $16bn in EMD assets.
Neuberger Berman, a leading independent money manager with $194 billion in assets under management, has announced that Glickenhaus & Co., a distinguished investment manager founded in 1961, will transition its business to Neuberger Berman.
Here's a few links to some interesting Bloomberg, CNBC, New York Times and Reuters stories currently doing the rounds.