Products February 15, 2011
Neuberger Berman Introduces Large Cap Value Fund
February 15, 2011 (PLANSPONSOR.com) - Neuberger Berman this month is introducing the Neuberger Berman Large Cap Value Funds in A, C and Institutional Classes (ticker symbols pending).
Reported by Rebecca Moore
The fund, which has been in incubation and will now be available to outside investors, is managed by veteran portfolio manager Eli M. Salzmann who joined Neuberger Berman from Lord, Abbett & Co. in January 2011, according to the firm.
The fund employs a bottom-up analysis to find what Salzmann, assisted by Neuberger Berman research analysts, believes are undervalued U.S. and multinational companies with market capitalizations exceeding approximately $10 billion. It seeks to outperform its benchmark, the Russell 1000 Value Index.