Office address: 1290 Avenue of the Americas, New York, NY 10104
Website: nb.com
Year established: 1939
Company type: financial services
Employees: 2,900+
Expertise: equities, fixed income, private equity, private credit, hedge funds, real estate, multi-asset strategies, specialty alternatives, infrastructure, capital solutions, insurance-linked strategies, wealth management
Parent company: N/A
Key people: George Walker (CEO); Anne Brennan (CFO); Joseph Amato (president); Ashok Bhatia, Erik Knutzen, and Jeff Blazek (chief investment officers); Andrew Komaroff (COO)
Financing status: employee-owned company
Neuberger Berman (NB) is a private, independent, and employee-owned investment manager based in New York City. The firm oversees equities, fixed income, and private funds for institutions and individuals globally. It employs about 2,900 people across 39 cities worldwide and manages $558 billion in client assets as of 2025.
Neuberger Berman was established in 1939 by Roy Neuberger and Robert Berman, with the aim of delivering long-term results. They launched one of the first no-load mutual funds in 1950 to help individual investors.
The team added fixed income and private equity capabilities to its platform in 1981. New teams for real estate and trust services joined as the company expanded its reach.
Lehman Brothers acquired the firm in 2003 and made it part of its investment division. The parent company collapsed in 2008 due to the global financial crisis.
Employees bought the firm back in 2009 to regain their independence and control. This management buyout turned the company into a private and employee-owned investment manager.
The newly independent firm launched liquid alternative funds and minority ownership stakes in 2011. Teams for private credit and emerging markets debt joined the platform in 2013.
The company acquired Almanac Realty Investors in 2020 to strengthen its real estate offerings. These moves helped the firm manage assets for clients across global markets today.
Building on its legacy of strategic partnerships, the company provided a fresh shot of capital to Mariner Wealth Advisors in 2024. Neuberger Berman’s minority investment accelerates Mariner’s expansion plans while keeping the latter majority-owned by its CEO.
NB’s wealth management teams also performed well in 2025 as four of them were recognized by InvestmentNews. These groups earned spots on the list of 5-Star Wealth Management Teams for their service to clients. This award highlights the ability of the firm to adapt during a time of market volatility.
NB uses deep research and data science to deliver diverse investment solutions. Some of these offerings include:
The firm’s NB Private Wealth also provides dedicated services for high-net-worth families. The division offers retirement planning and access to alternative investments.
Neuberger Berman states its culture relies on fundamental research and idea exchange. The firm also says its employee-owned structure aligns with client interests. To supplement this, NB lists these commitments:
Internal networks and partnerships at Neuberger Berman seek to foster a connected environment where diverse perspectives thrive. The company states that this inclusive culture strengthens the team’s ability to deliver superior results for clients.
George H. Walker has led Neuberger Berman as chair and CEO for almost two decades. Before NB, he spent 14 years at Goldman Sachs, where he became a partner. Walker graduated from the University of Pennsylvania with a BA, BS, and MBA.
Neuberger Berman’s executive team includes seasoned leaders from across the financial industry:
These leaders guide the firm without pressure from external shareholders or parent companies. NB’s employee-owned structure empowers the team to focus solely on long-term client results.
In 2025, Neuberger Berman introduced a long-short strategy to its CDI platform to assist investors with tax planning. The new offering serves endowments and high-net-worth clients who need to manage liabilities while pursuing growth. This expansion of the $6.6 billion platform prepares the firm to support portfolios as tax regulations continue to change.
In other market developments, the global hunt for yield has brought risky sovereign borrowers back to debt markets. NB’s emerging-market debt co-head Gorky Urquieta believes Argentina is positioned to issue new bonds soon. He notes that a successful sale would lower country risk and signal a return to normal market access. This focus on global economic shifts reflects Neuberger Berman’s strategy to navigate industry changes and secure its future in a complex market environment.
If combatants in the debate over target date fund investment approaches thought that Morningstar Inc. could provide a tiebreaker, they were out of luck.
Move expected to occur during the second quarter, and will affect approximately 50,000 client accounts.
Evercore Partners Inc. said Wednesday that it has purchased Neuberger Berman's Private Funds Placement Group as it looks to expand its advisory services.
Proceeds from the planned private placement of senior second-lien secured notes will be used in part to help support the businesses of some 100 broker-dealer clients Penson hopes to absorb in its Ridge purchase
We expect to see job growth in the first quarter of 2010 and an improvement in labor and housing fundamentals throughout the year.
The stock market over the next several months will be most kind to those companies that have the ability to grow in a slower economy, according to Arthur Moretti, manager of the $1.1 billion Neuberger Berman Guardian Fund (NGUAX).
More asset managers are getting out of the money market fund business because the regulatory and market environment often makes offering such funds unprofitable.
Financial advisers may want to invest in a Farmers' Almanac to figure out which stocks to buy. That's because it appears companies that announce earnings on sunny days in New York City see their stocks perform better than companies that do so during inclement weather, according to a recent study by two accounting professors.
High-yield bonds have given stocks a run for investors' money this year, and a tepid U.S. economic recovery could keep institutional money flowing to that corner of the credit market, according to some market watchers.
The performance of the Dow Jones Industrial Average —up 12% for all of 2009—and other broad market indicators, are evidence that the recession is over and normalcy is returning to both the stock market and the economy, according to some industry experts.
AIG Investments, the asset management arm of American International Group Inc., is close to being sold to a group that includes private equity firm Crestview Partners for $300 million to $400 million, Reuters reported today, citing a source.
Private-equity firms are turning to infrastructure investing now that the credit crisis and deepening recession have put their traditional leveraged-buyout businesses into suspended animation.
Executives of Neuberger Berman Group LLC, now running the $155 billion money manager as an independent firm, plan to share some of their institutional-only investment strategies with investment advisers and individuals for the first time.
With AIG shedding a number of its businesses to pay back government loans, its money management unit — which runs more than $111 billion in global assets for external retail and institutional clients — appears to be the next business to be put on the block by the distressed insurance giant.
