NEUBERGER BERMAN CUSTOM DIRECT INVESTING LAUNCHES TAX-MANAGED LONG-SHORT TO EXPAND PLATFORM CAPABILITIES

NEW YORK, June 23, 2025 /PRNewswire/ -- Neuberger Berman, a private, independent, employee-owned investment manager, announced the launch of a tax-managed long/short strategy as part of its expansion of the Neuberger Berman Custom Direct Investing (NB CDI™) platform, with the first client portfolio incepting in May. The long/short strategy uses leverage (e.g., 130% long and 30% short) to seek to improve both pre-tax and after-tax returns.

This long/short strategy addresses the growing market interest in long/short approaches and may assist high-net-worth and ultra-high-net-worth individuals to better manage their tax liabilities. NB CDI™ currently manages $6.6 billion in assets as of May 30, 2025.

Neuberger Berman's approach blends quantitative and fundamental insights to enhance expected returns. With the addition of this capability, the firm now offers a comprehensive tax-aware toolkit for clients in the U.S. and Canada, including:

• Tax-managed long-only equity portfolios (across core, fundamental active, and quantitative models)
• Tax-managed long/short strategies
• Options strategies for managing concentrated stock positions

"Our wealth clients, and increasingly endowments, are coming to us to help them manage their portfolios with a tax-aware lens," said Scott Kilgallen, Managing Director and Head of North American Intermediary at Neuberger Berman. "This new long/short strategy is designed to help investors manage both their pre-tax and after-tax liabilities with an eye toward what we call 'tax alpha.' As the tax landscape continues to shift and evolve, customizable and adaptive strategies for managing tax burdens and generating alpha are becoming a core focus for our investors."

About Neuberger Berman

Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $515 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger Berman's investment philosophy is founded on active management, fundamental research and engaged ownership. Neuberger Berman has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last eleven years (firms with more than 1,000 employees). Visit www.nb.com for more information. Data as of March 31, 2025, unless otherwise indicated.

Media Contact: Henry Detering, [email protected]

All Neuberger Berman information is as of March 31, 2025, unless otherwise indicated and is subject to change without notice. Firm data, including employee and assets under management figures, reflects collective data for the various affiliated investment advisers that are subsidiaries of Neuberger Berman Group LLC. Firm history/timeline includes the history of all firm subsidiaries, including predecessor entities and acquisitions. 

Tax Alpha is defined as net after tax excess returns minus net pre tax excess returns. Excess returns are portfolio returns minus benchmark returns.

The use of leverage involves significant risks that may amplify both gains and losses. The use of leverage may increase the potential for substantial losses during adverse market movements, including the risk of losing more than the amount initially invested.

Awards and ratings referenced do not reflect the experiences of any Neuberger Berman client and readers should not view such information as representative of any particular client's experience or assume that they will have a similar investment experience as any previous or existing client. Awards and ratings are not indicative of the past or future performance of any Neuberger Berman product or service.

Pension & Investments, Best Places to Work in Money Management 2024: The Pensions & Investments Best Places to Work in Money Management annual survey is designed to recognize the best employers in the money management industry. Neuberger Berman participated in the category among organizations with over 1,000 employees. Pensions & Investments partnered with a third-party research firm to conduct a two-part survey process of employers and their employees. The first part, worth approximately 20% of the total evaluation, consisted of evaluating each nominated company's workplace policies, practices, philosophy, systems and demographics. The second part, worth the remaining 80% of the total evaluation, consisted of an employee survey to measure the employee experience. The combined scores determined the top companies. Pensions & Investments, owned by Crain Communications Inc., is the 50-year-old global news source of money management and institutional investing. Neuberger Berman pays a fee to participate in the Pensions & Investments employee survey.

This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit www.nb.com/disclosure-global-communications for the specific entities and jurisdictional limitations and restrictions and information on awards. The "Neuberger Berman" name and logo are registered service marks of Neuberger Berman Group LLC. © 2025 Neuberger Berman Group LLC. All rights reserved.

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