Neuberger Berman is introducing this February the Neuberger Berman Large Cap Value Funds in A, C and institutional classes. Ticker symbols are pending.
The fund, which has been in incubation and will now be available to outside investors, is managed by portfolio manager Eli M. Salzmann, 46, who joined Neuberger Berman from Lord, Abbett & Co. in January 2011 to expand the firm's capabilities in U.S. large cap value strategies to institutional and retail investors.
The fund launch comes in response to continued and growing U.S. investor interest in large-cap equities, both domestic and foreign. As a category, large cap value currently has an estimated $350 billion in mutual fund assets.
"The fund employs a bottom-up analysis to find what Salzmann, assisted by Neuberger Berman research analysts, believes are undervalued U.S. and multinational companies with market capitalizations exceeding approximately $10 billion," according to a company news release.
