Neuberger Berman has launched the Neuberger Berman Long Short Fund (NLSAX, NLSCX, NLSIX), designed to provide investors with a long-short investment strategy that seeks long-term capital appreciation and principal preservation.
It is available with daily liquidity at a minimum investment of $1,000.
The fund employs a fundamentally driven investment approach with the flexibility to invest long and short. It has a bottom-up, all-cap approach seeks to invest long in attractive businesses with strong management teams and compelling valuations. Short investments are utilized to seek increased returns or provide “insurance” to manage exposure and reduce risks.
The fund’s managers may invest in fixed income securities and in equities of both U.S. and non-U.S. companies. It seeks both long-term capital appreciation and principal preservation, and may serve as a complement to traditional equity and fixed income strategies.
The fund is managed by Charles Kantor, an 18-year investment industry veteran who is a managing director at Neuberger Berman and leads the firm’s Kantor Group, which invests approximately $850 million for individuals and institutions.
The portfolio management team includes Kantor Group research analysts William Muller, Charles Nguyen, and Marc Regenbaum, and is further supported by Neuberger Berman’s global resources, including a global trading desk, a centralized global equity research department, and risk oversight specialists.
It charges a management fee of 146 basis points.
While this mutual fund opened to investors on December, 29, 2011, Kantor and his team have been employing a similar investment strategy since March 2008.