Best Fund Provider Liquid Alternative
Neuberger Berman Asia Limited
Best Fund Provider – Liquid Alternative
Fred Ingham
head of International Hedge Fund Investments
Douglas Kramer
head of Institutional Equity and Multi-Asset
“We are honoured and pleased to be named Best Fund Provider – Liquid Alternative by Asian Private Banker.
We are grateful to clients for supporting our efforts to build a multi-strategy hedge fund portfolio with low correlation to traditional asset classes at a competitive cost and with daily liquidity, said Fred Ingham, head of International Hedge Fund Investments.
Douglas Kramer, head of Institutional Equity and Multi-Asset, added that Neuberger Berman sees strong and growing client demand for transparent, liquid, and fee-efficient alternative strategies, especially in times of volatility. “We look forward to providing private bank partners with our suite of liquid alternatives and other investment solutions in 2023, and to offering innovative, and customised alternative solutions to meet their demand.”
Winnersrationale
The challenging market environment in 2022 made liquid alternatives crucial for clients in search of financial instruments to diversify their portfolios.
Neuberger Berman Uncorrelated Strategies Fund is a multi-manager, multi-strategy hedge fund portfolio with low correlation to traditional asset classes at a competitive cost and with daily liquidity. The Fund allocates to six different hedge fund strategies including Global Macro, Trend Following, Equity Market Neutral, Statistical Arbitrage, Short Term Trading, and Volatility Relative Value. It aims to function as a true diversifier in investor portfolios by generating uncorrelated returns to equity and fixed income markets.
Launched a mere five years ago, the Uncorrelated Strategies Fund received a four-star Morningstar Rating and ranked 1st quartile since inception and year to date; and 8th percentile for one-year performance in its Morningstar category (EAA OE Multistrategy USD). As of 31 August 2022, the Fund’s AUM stood at $2.85 billion, the largest fund in the Morningstar category.
While risk assets have largely tumbled in 2022, the Fund delivered a strong performance. The one-year performance of the Uncorrelated Strategies Fund as of 31 August 2022 was up 12.09%, a significant contrast with MSCI World Index (Total Return USD) and Bloomberg Global Aggregate (Total Return USD unhedged) which lost 15.08% and 17.61% respectively.
The positive performance is achieved by focusing on various specialised and often capacity-constrained trading strategies with low correlation to the overall market. While the historical performance of the Fund has been strong during some of the equity market volatilities, its goal is to generate positive absolute returns over a cycle, irrespective of what that cycle holds in terms of positive or negative returns for traditional asset classes.
Needless to say, with such outperformance, the Uncorrelated Strategies Fund has seen strong demand from Asia clients.
For these reasons, Neuberger Berman wins Best Fund Provider – Liquid Alternative in Asian Private Banker’s 2023 Asset Management Awards for Excellence.
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