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Neuberger Berman Group LLC

PRI reporting framework 2017

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Basic Information

OO 01. Signatory category and services

01.1. Select the services you offer.

% of assets under management (AUM) in ranges

% of assets under management (AUM) in ranges

01.2. Additional information. [Optional]

Firm Overview

Neuberger Berman is an independent, employee-controlled investment management firm. We partner with institutions, advisors and individuals throughout the world to customize solutions that seek to address their needs for income, growth and capital preservation. With 1,917 professionals1 focused exclusively on asset management, we are deeply grounded in original, fundamental research and offer an investment culture of independent thinking. Founded in 1939, Neuberger Berman had approximately $255 billion in assets under management invested across equities, fixed income and alternative strategies.

At Neuberger Berman, our mission is to partner with clients to achieve their unique investment objectives. Three key elements reinforce our efforts:

Experience : Our portfolio managers have seen both good and bad markets. Some 95% of our clients' assets are managed by lead portfolio managers with over 20 years of industry experience.

Stability: Neuberger Berman is a destination for successful investment professionals, a significant number of whom stay for the duration of their careers. We hire and retain employees based on merit, and strive to attract talent with the dedication and creativity needed to foster diverse perspectives and a passion for investing. Over 89% of clients' assets are managed by lead portfolio managers with a firm tenure of more than 10 years.

Alignment: Portfolio manager incentives are closely tailored to the interests of clients. The firm is employee owned. 100% of portfolio managers' deferred cash compensation is directly linked to team and firm strategies.

[1] Firm data reflects the collective data for the various subsidiaries of Neuberger Berman Group LLC.

All information is as of December 31, 2016, except as otherwise noted. 

OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

United States

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

1917 FTE

02.4. Additional information. [Optional]

Neuberger Berman is headquartered in New York City, where the majority of our asset management services are performed.  As of December 31, 2016, Neuberger Berman has offices in 28 cities and 19 countries.

OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]

Ownership Structure

Neuberger Berman is a private, independent, employee-owned investment manager with more than 400 current employee owners as of December 31, 2016. We believe this aligns the firm's interests with those of our clients, supporting our investment culture and reinforcing our track record of high retention rates amongst our senior professionals. 

Neuberger Berman Group  LLC is a holding company for subsidiaries operating investment management businesses.

Board of Directors

As of December 31, 2016, NBG’s Board of Directors is currently comprised of six directors, one of whom is the firm’s Chief Executive Officer with the remaining five appointed by the Management Members, two of whom are required to be independent as described in the New York Stock Exchange listing requirements.

Culture

We believe that being an independent, employee-controlled organization aligns the firm's interests with those of our clients, supporting our investment culture and reinforcing our track record of very high retention rates amongst our senior professionals.

We have no subsidiaries that are PRI signatories in their own right.  All subsidiaries are committed to PRI as part of NBG's engagement as a signatory in June of 2012.

OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2016

04.2. Indicate your total AUM at the end of your reporting year, excluding subsidiaries you have chosen not to report on.

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.4. Additional information. [Optional]

Investment Capabilities

The firm is positioned across a broad range of investment capabilities and services, managed by distinct investment teams, unified by a common commitment to research and a singular focus on delivering attractive performance.

Equities: Our equity portfolios are managed by teams comprised of dedicated, experienced portfolio managers and analysts solely focused on delivering attractive performance for clients. Our equity suite of products spans the global market capitalization across fundamental and quantitative styles.

Fixed Income: Our fixed income investment teams offer a broad, diverse range of investment solutions across investment grade, non-investment grade, emerging markets, global, specialty, tax-exempt, and cash/short duration strategies.

Alternative Investments: Our private equity capabilities—primaries, secondaries, co-investments, and direct strategies—are distinguished by a research-driven approach with industry-leading, sophisticated risk management and reporting capabilities. Our hedge fund strategies bring together extensive capital markets expertise of dedicated hedge fund professionals and include hedge fund of funds as well as single-manager hedge funds, quantitative strategies and long-only commodity funds.

Multi-Asset Class Strategic Solutions: Neuberger Berman has deep experience partnering with the world's largest and most sophisticated institutional investors, many of whom require customized multi-asset class solutions. Our multi-asset class investment efforts focus on both top-down strategic and tactical asset allocation decision-making and bottom up active management, as well as the incorporation of traditional and alternative risk premia, options, global macro and commodities.
 

OO 06. How would you like to disclose your asset class mix

New selection options have been added to this indicator. Please review your prefilled responses carefully.

06.1. How you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 10-50% 37 0 0
Fixed income 10-50% 45 0 0
Private equity <10% 4 10-50% 10
Property 0 0 0 0
Infrastructure 0 0 0 0
Commodities 0 0 0 0
Hedge funds <10% 3 <10% 1
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 0 0
Other (1), specify 0 0 0 0
Other (2), specify 0 0 0 0

06.2. Publish our asset class mix as per attached image [Optional].

06.3. Provide contextual information on your AUM asset class split. [Optional]

OO 07. Fixed income AUM breakdown (Private)

OO 08. Segregated mandates or pooled funds (Private)

OO 09. Breakdown of AUM by market (Private)

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