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Founded in 1939, [4] Neuberger Berman is a privately held asset management firm, which is 100% [5] [6] owned by its employees. It serves pension plans, charitable organizations, sovereign wealth funds and other institutions, as well as high-net-worth individuals and mutual fund investors, both directly and through financial intermediaries and other partners.
The Crossroads Group was a Dallas-based private equity fund of funds firm focusing on venture capital investments. The firm, founded in 1981 by Brad Heppner, was acquired by Lehman Brothers in October 2003. Since Lehman Brothers' 2008 bankruptcy, Crossroads has been a part of Neuberger Berman. [1]
It is managed by Neuberger Berman. [3] References External links. Official site; This page was last edited on 21 November ...
Robert Berman was the co-founder in 1939, along with Roy Neuberger, [1] of the eponymous Neuberger Berman investment and financial services company. [2]In 1950, their firm started one of the first no-load mutual funds in the United States, the Guardian Fund, which still operates today .
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The fund performed poorly in 2012, returning 3.6% and underperforming the market. [5] It did better in 2013, returning 10.8% but still underperforming the market. [ 5 ] [ 6 ] In July 2014, he announced that he was shutting down the fund, explaining his decision by stating that "making investment decisions by looking solely at the fundamentals ...
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