Neuberger Berman has launched an offshore short-duration, high yield bond fund.
The Irish-domiciled Neuberger Berman Short Duration High Yield Bond Fund will be run by portfolio manager Ann Benjamin and co-managers Russ Covode and Tom O’Reilly.
The managers currently run the $4.33 billion (£2.8 billion) High Yield Bond fund.
Dik van Lomwel, head of Neuberger Berman Europe, says; “Continued interest in the defensive characteristics of short duration credit strategies coupled with our proven 14-year track record in high yield were the primary drivers for launching a dedicated fund for this strategy.”
There were no minimum investment or charges details at the time of writing.
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