Neuberger Berman wins SEI EMD mandate

SEI has chosen Neuberger Berman to run a $220m (£132.8m) mandate in its SGMF Emerging Markets Debt fund.

As a result, Neuberger Berman has replaced Ashmore Investment Management on the mandate. 

Neuberger Berman will join Investec and Stone Harbor Investment Partners in working on the fund.

SEI head of the UK Investment Management Unit Jason Collins says: “Neuberger Berman’s competitive advantage is their skill in comprehensively analysing the entire EMD opportunity set.

”The senior leaders of the team average 15 years of investment experience and have worked through some of the most unique and volatile periods in EM currency markets, giving them a deep understanding of how to anticipate and navigate currency crises. 

“Moreover, the team’s global presence enables them to obtain superior country and credit insight, perform more frequent country visits, and engage in around-the-clock portfolio management and timely execution.”

Neuberger Berman head of Emea and Latin America Dik van Lomwel says: ““We are pleased to be awarded this mandate by SEI.

”With bases in the US, Europe and Asia, our dedicated EMD team is well placed to build portfolios that have the opportunity to generate excess returns from a broad set of alpha sources, and we welcome the chance to work with a global multi-manager as well respected as SEI.”