Neuberger Berman

Neuberger Berman Group LLC

Type	Private
Industry	Financial Services
Founded	New York City, New York, U.S. (1939)
Headquarters	1290 Avenue of the Americas New York City
Key people	George H. Walker Chief Executive Officer
Products	Investment management Mutual funds Fixed income Private equity Hedge funds Alternative investments
AUM	~$250 billion
Number of employees	1,900+ (2016)
Website	www.nb.com

Neuberger Berman is a private, independent, employee-owned investment management firm. The firm manages equities, fixed income, private equity and hedge fund portfolios for global institutional investors, advisors and high-net-worth individuals. It is currently rated the #1 Best Place to Work in asset management amongst firms with greater than 1,000 employees.

Founded in 1939, Neuberger Berman is a privately held asset management firm, which is 100% owned by its employees. It serves pension plans, charitable organizations, sovereign wealth funds and other institutions, as well as high-net-worth individuals and mutual fund investors, both directly and through financial intermediaries and other partners. The firm has a broad range of investment capabilities, which have enabled it to win numerous public strategic partnership mandates, most notably from Teacher Retirement System of Texas and the National Social Security Fund of China. For its private clients, Neuberger Berman also provides financial planning, fiduciary services, and trust services. Known as a firm of investors, the firm has maintained a 97% retention rate among its senior investment teams since 2009, and has been recognized for its distinctive firm culture.

Neuberger Berman was originally founded as "Neuberger & Berman" in 1939, by Roy R. Neuberger and Robert Berman.

In the decades that followed its founding, the firm's growth mirrored that of the asset-management industry as a whole. Its success in managing separate accounts, led it to establish the Guardian Fund, in 1950, one of the first no-load mutual funds in the United States. Today, the firm’s complex of open and closed-end mutual funds, includes other well-known funds, including Century Fund (renamed Large Cap Disciplined Growth Fund) and Genesis Fund. In the 1960s, the firm expanded into the management of pension plans and assets of other institutions.

After 60 years as a private firm, in October 1999, Neuberger Berman conducted an initial public offering of its shares and commenced trading on the , under the ticker symbol "NEU". With the firm's IPO, Larry Zicklin, who had joined the firm in 1969, retired as Chairman of its executive committee. He was succeeded as Chief Executive Officer by Jeffrey B. Lane.