Neuberger Berman launches global flexible credit fund

New relative-value, credit-focused strategy unveiled

Neuberger Berman has launched a global flexible credit fund in UCITS form to be managed by US-based Dave Brown, Norman Milner and Joe Lynch alongside London-based Vivek Bommi.

Neuberger said the fund would give international investors access to the flexible credit mandates the firm runs on behalf of institutional clients globally. The Neuberger Berman Global Flexible Credit fund will be a relative value, credit-focused strategy with the flexibility to invest across sectors, rating cohorts and geographies in order to generate durable income and strong total returns over a cycle, Neuberger said. Neuberger Berman acquires former Rothschild real estate arm Brown noted the portfolio would "adapt to changing markets utilising the ‘best ideas' sourced by Neuber...