'Big Short' investor Eisman's fund to spearhead Neuberger Berman's UK push

Absolute Alpha fund

Neuberger Berman is launching a UK-domiciled fund range, with the group's first strategy a global long/short equity fund, managed by 'Big Short' investor Steve Eisman.

The onshore range will sit alongside the firm's Irish-domiciled UCITS range, which manages around $3bn for UK investors, but it will not fully replicate it. Its aim is to enable UK investors to access the group's strategies "more efficiently", the firm said. Eisman, whose character was dramatised in the Hollywood movie The Big Short, will run the TM Neuberger Berman Absolute Alpha fund, the firm's first strategy to be launched on UK shores, which will be based on an existing equity long/short strategy managed by Eisman. Asset allocators sell down credit holdings ahead of 'bond catastr...