Neuberger Berman has opened its all-cap international equity strategy to new institutional and retail clients, confirmed Richard Chimberg, a spokesman for the firm.
The strategy had client assets of $2.1 billion as of Sept. 30, down from more than $4 billion when it was closed in July 2006. Total net inflows to the strategy will be capped at $1 billion.
In an e-mailed response to questions, Benjamin Segal, a managing director and portfolio manager of the strategy, said his team is finding lots of investment opportunities now across all market capitalizations.
Institutional clients account for roughly 45% of assets, with three of the firm's mutual fund offerings — Neuberger Berman International Fund, Neuberger Berman International Institutional Fund and Neuberger Berman AMT International Equity Fund — accounting for the rest.
Mr. Chimberg noted that the strategy's 15.2% gain this year through Dec. 15 ranks the Neuberger Berman International Fund in the 4th percentile of Morningstar's large-blend category.