Home >Economy & Finance >Nb us multi cap opportunities fund presentation - may 2013 - citywire sg

Nb us multi cap opportunities fund presentation - may 2013 - citywire sg

Date post:07-Nov-2014
Category:
View:903 times
Download:3 times
Share this document with a friend
Description:
 
Transcript:
  • 1. For Professional Client Use OnlyRichard S. NackensonManaging Director and Senior Portfolio ManagerNeuberger BermanUS Multi Cap Opportunities Fund
  • 2. For Professional Client Use OnlyTable of ContentsI. FIRM OVERVIEWII. FUND & TEAM OVERVIEWIII. INVESTMENT PROCESSIV. FUND PERFORMANCE & PORTFOLIO CHARACTERISTICSV. LONG-TERM PERFORMANCEVI. HISTORICAL CATEGORY & CAPITALISATION WEIGHTINGSVII. BIOGRAPHIESVIII. STOCK EXAMPLESIX. DISCLAIMER
  • 3. FIRM OVERVIEW
  • 4. Neuberger BermanFounded in 1939, we are a leading private, employee-controlled asset management firm,with approximately $216 billion in assets under management_______________________Sources: Neuberger Berman, FactSet, eVestment, Morningstar, and Lipper, a Thomson Reuters company. All information is as of March 31, 2013, except as otherwise noted. Firm data reflects the collective data for the variousaffiliated investment advisers that are subsidiaries of Neuberger Berman Group LLC.1. AUM outperformance data is asset-weighted and based on the gross of fee performance of the firms traditional equity and fixed income strategies against their respective benchmarks and peer categories. Individual strategiesmay have experienced negative performance during certain periods of time. See Additional Disclosures for additional information regarding AUM /fund outperformance and peer statistics (including 3-and 5-yr statistics) and ratings.Mutual funds are not available outside the U.S. Indexes are unmanaged and are not available for direct investment. Investing entails risks, including possible loss of principal. Past performance is no guarantee of future results.Industry portfolio manager averages were compiled by Neuberger Berman based on portfolio manager industry experience data as reported to eVestment and includes separate accounts, mutual funds, and other commingledfunds. See Additional Disclosures for additional information on the definition of investment professionals" and certain exclusions.2. As of March 14, 2013. Ownership includes employees and their permitted transferees3. As of December 31, 2012EXPERIENCED ANDALIGNED WITH CLIENTSFOCUSED ONPERFORMANCEINDEPENDENTAND STABLE72%employee owned295%of clients assets managed bylead PMs who have 20+ yearsof industry experience1,832employees worldwide418investment professionals70%of the firms equity AUMoutperformed their peer groupmedian for the most recent 10year period165%of our U.S. registered mutualfunds are rated 4 and 5 starsOverall by Morningstar vs.32.5% of 4 and 5 Overallstars awarded188%of the firms equity & fixedincome AUM outperformedtheir benchmarks for themost recent 10 year period168%of our U.S. registered mutualfund share classes outperformedtheir respective Lipper categoryaverage for the most recent 10year period1up to 50%portfolio manager deferredcompensation invested inown strategies, remainder inthe firm and our strategiesup to 25%annual compensationcontingent/deferred37%longer portfolio managerindustry experience versusindustry average327average years of portfoliomanager industry experienceFIRM OVERVIEW1
  • 5. Emerging MarketsHard CurrencyLocal CurrencyCorporatesNon-Investment GradeFull Market High YieldShort Duration High YieldBank LoansDistressed DebtInvestment GradeCore/Core PlusOpportunisticCreditPassive/Enhanced IndexTIPSOur Investment Platform_______________________All information as of March 31, 2013, except as otherwise noted. Firm data reflects collective data for the various affiliated investment advisers that are subsidiaries of Neuberger Berman Group LLC.1. Includes $104 billion in Equity assets, $97 billion Fixed Income assets and $15 billion in Alternatives assets under management.2. Committed Capital is a contractual agreement between an investor and a fund that obligates the investor to contribute that money to the fund as requested. The investor will generally make contributions over a period of time,typically over a number of years.3. April 1, 2012 March 31, 2013. Based on percentage of new institutional mandates.STRATEGIC SOLUTIONSDynamic Real ReturnDynamic Beta NavigatorStrategic PartnershipsEQUITYAUM: $104 billionFIXED INCOMEAUM: $97 billionU.S.Value (Small, Mid, Large)Growth (Small, Mid, Large)Core (Large, All Cap)Flexible (All Cap, All Styles)EAFEAll CapLarge CapACWI ex-USGlobalCoreGrowthThematicRisk BalancedSpecialtySocially ResponsiveREITEquity IncomeMLPsEmerging MarketsGlobal Emerging MarketsGreater ChinaALTERNATIVESAUM / Committed Capital: $19 billion2Private EquityFund of FundsCo-InvestmentSecondariesDirect InvestmentsPrivate DebtHedge FundsFund of FundsAbsolute Return Multi-ManagerLong/Short Equity (U.S., Greater China)Global Tactical Asset AllocationGlobalAggregateOpportunisticTax-ExemptSpecialtyLiability DrivenAsset Backed Securities (ABS)MortgagesCurrencyResidential Mortgage LoanRisk Balanced Commodity StrategyCash & Short DurationApproximately $216 billion assets under management1CLIENTS SERVEDAUM by Client Organization56% Pension Funds, Sovereign WealthFunds and Other Institutions24% Financial Institutions, RIAs and Advisors20% Individuals, Families and theirCharitable OrganizationsAUM by Client Domicile77% U.S.23% InternationalNew Institutional MandatesSales Channel Domicile364% Americas16% Europe/Middle East20% Asia-PacificFIRM OVERVIEW2
  • 6. Neuberger Berman Industry AverageOur People: Experienced and Long-TenuredPortfolio team members have invested together at the firm over market cycles______________________All information as of December 31 2012, except as otherwise noted. Firm data reflects collective data for the various affiliated investment advisers that are subsidiaries of Neuberger Berman Group LLC (the firm). See AdditionalDisclosures at the end of this piece, which are an important part of this presentation, for the definition of investment professionals" and certain exclusions. Industry averages were compiled by Neuberger Berman based on portfoliomanager industry experience data as reported to eVestment and includes separate accounts, mutual funds, and other commingled funds.AVERAGE MANAGER INDUSTRY EXPERIENCE(Years)Average of 12 yearsworking together atNeuberger Berman37% higher thanindustry average26192009 2010 2011 2012Managing Directors 97% 94% 99% 96%Senior Vice Presidents 95% 91% 95% 97%RETENTION LEVELS FOR SENIOR INVESTMENT PROFESSIONALSFIRM OVERVIEW3
  • 7. Attractive PerformanceEQUITY AND FIXED INCOME1 ALTERNATIVES188% 95%79%63%70%53%Equity & Fixed Income Equity Fixed Income% AUM Exceeding Benchmark % AUM Exceeding Peer Group Median10-Years Period ended March 31, 2013LONG-TERM OUTPERFORMANCE_______________________Sources: Neuberger Berman and FactSet. All information is as of March 31, 2013, except as otherwise noted. Firm data reflects the collective data for the various affiliated investment advisers that are subsidiaries of NeubergerBerman Group LLC.1. AUM outperformance data is asset-weighted and based on the performance of the gross of fee firms traditional equity and fixed income strategies against their respective benchmarks and peer categories. Individual strategiesmay have experienced negative performance during certain periods of time. See Additional Disclosures for additional information regarding AUM outperformance and peer statistics (including 3-and 5-yr statistics) and alternativesperformance statistics. Indexes are unmanaged and are not available for direct investment. Investing entails risks, including possible loss of principal. Past performance is no guarantee of future results.PRIVATE EQUITYAnnualized Net IRR: Since Inception, period ended September 30, 2012PE FoF 16.0%PE Index 11.2%NB SOF II 21.9%Secondary Index 12.6%NB Co-Invest Partners Fund I 8.7%Buyout Index 4.7%FUND OF HEDGE FUNDSAnnualized Net Returns: January 1, 2002 March 31, 2013NB Diversified Arbitrage 4.6%HFRI FOF: Conservative Index 3.1%Distressed Credit Fund Ltd 7.9%HFRI Distressed 8.8%Emerging Managers Sub-Set 6.4%HFRI FOF: Diversified Index 3.7%FIRM OVERVIEW4
  • 8. FUND & TEAM OVERVIEW
  • 9. For Professional Client Use OnlyOur Style of Multi-Cap EquityA DISTINCT APPROACH Comprehensive cash flow analysis is key to unlocking a companys potential value: Quantitative Qualitative Use of cash Capital structure Seeks investments across three categories: special situations, opportunistic, and classicDISCIPLINED BOTTOM-UP INVESTMENT PROCESS Deep fundamental research Rigorous valuation criteria and dynamic price limits Quality management with demonstrated record of building shareholder valueMULTI-FACETED RISK MANAGEMENT Security and portfolio level risk management Rigorous buy/sell process seeks to maximise upside potential, minimise downside risk Well-defined portfolio construction parameters Independent analysis from firms portfolio risk teamEXPERIENCED INVESTORS Senior Portfolio Manager Richard Nackenson has managed the strategy for over 10 years and has more than 20years of industry experience Supported by a dedicated investment teamInvests across themarket-cap spectrumusing an opportunisticapproach focused on in-depth cash flow andcapital structureanalysis_______________________This material is intended as a broad overview of the Portfolio Managers style, philosophy and process and is subject to
Popular Tags:

Click here to load reader

Reader Image
Embed Size (px)
Recommended