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Neuberger Berman, Samsung units team up to offer strategies in South Korea

Neuberger Berman Group, Samsung Securities and Samsung Asset Management signed a cooperation agreement to offer a range of Neuberger Berman strategies to investors in South Korea.

Under the agreement, Neuberger Berman will work with Samsung Securities and its money management affiliate to offer strategies, including income and absolute return-oriented products, to both institutional and retail investors in the country, said Alexander Samuelson, Neuberger Berman spokesman, in an e-mail.

The three firms will likewise work together to develop new products for the South Korean market.

In a news release, a Samsung Securities executive said the agreement will allow his firm to offer a broader range of products to its clients, while a Samsung Asset Management executive focused on cooperation in areas such as portfolio management, market intelligence and product development.