Neuberger Berman is bringing value investment management shop Glickenhaus & Co. and its $900 million in client assets for high net worth individuals and non-profit institutions into its fold.

Portfolio management responsibilities will transition to Neuberger Berman's Straus Group, led by senior partner Marvin Schwartz. The Straus Group currently manages approximately $11 billion of client assets. Glickenhaus & Co. portfolio managers Seth Glickenhaus, James Glickenhaus andAl Feinman will serve as senior advisors to the Straus Group, although direct management of client accounts will be at the sole discretion of Neuberger Berman.

"We have had a close relationship with our friends at Neuberger Berman for decades and we have the greatest admiration for their work as well as for the firm's commitment to partnering with clients,'' stated Glickenhaus.

"I believe Marvin Schwartz and his team have all the skills, resources and, most importantly, judgment, to successfully continue in our tradition of value investing for our clients."