Neuberger Berman Group has unveiled a new Neuberger Berman Unconstrained Bond Fund to offers investors active absolute-return focus across global fixed income space.
The fund, which seeks to maximize total returns over the long term, will offer investors with an alternative strategy to traditional benchmark driven long only investing.
The fund with complete duration flexibility will benefit from market mispricing by using its absolute return oriented global strategy. This flexibility will express investment views and pursue extracting relative value via long and short positioning.
Additionally, the fund will have a flexible and benchmark-unconstrained approach under the US T-bill index to capitalize on opportunities globally.
The fund will be managed by Andy Johnson, Neuberger Berman’s head of global investment grade fixed income, Jon Jonsson, a London-based senior portfolio manager, alongside managing directors Thanos Bardas, David Brown, Ugo Lancioni, and Thomas Marthaler.
Brad Tank, Neuberger Berman’s chief investment officer for fixed income, said: "This fund takes a place among our current fixed income strategies including Short Duration, Core and Strategic Income and others."