SHANGHAI and NEW YORK, Nov. 16, 2017 /PRNewswire/ -- Neuberger Berman, a global, independent, employee-owned investment manager is pleased to announce that Neuberger Berman Investment Management (Shanghai) Limited, the company's wholly foreign owned enterprise in China, has secured registration as a private fund manager with the Asset Management Association of China (AMAC). The registration allows Neuberger Berman to manage private funds and raise assets directly from qualified investors in mainland China, including qualified high-net-worth individuals and local institutions.
Patrick Liu, Head of China, Neuberger Berman, said: "This is a very important milestone for Neuberger Berman and we are delighted to be one of the first firms to secure this license. We are committed to building a leading investment management firm in China, offering our customized product solutions in equities, fixed income, multi-asset, quantitative investing and alternatives."
The registration expands Neuberger Berman's commitment to China and its investment resources locally. The firm manages investment portfolios for various leading Chinese institutional and intermediary customers investing in equity, fixed income and private equity strategies. This year the firm welcomed an experienced local equity portfolio manager, Bin Yu, and his team, and also expanded equity research coverage for global and emerging market managers investing in China. Furthermore, Peter Ru joined the firm in Shanghai as a Senior Portfolio Manager with key responsibility for further developing the firm's China fixed income capabilities.
Nick Hoar, Head of Asia Pacific, Neuberger Berman, commented: "Neuberger Berman has made significant progress across the Asia Pacific region in the past few years. China represents a tremendous opportunity for us and we are committed to adding local resources across different functions including Portfolio Management, Legal and Compliance, Marketing and Research."
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies -- including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds -- on behalf of institutions, advisors and individual investors globally. With offices in 19 countries, Neuberger Berman's team is approximately 1,900 professionals, as of September 30, 2017. The company was named the #1 firm in Pensions & Investments 2016 Best Places to Work in Money Management survey (among those with 1,000 employees or more). Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $284 billion in client assets as of September 30, 2017. For more information, please visit our website at www.nb.com.
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