Neuberger Berman boosts quants offering with joint venture

General-Business-People-Hire-Appointment-700x450.jpgNeuberger Berman is boosting its quantitative investment capabilities by joining forces with Toronto-based investment firm Breton Hill Capital.

The BHC team manage approximately $2bn in client assets across a range focusing on multi-factor solutions and alternative risk premia, investing in equities, currencies, commodities and rates.

The firm was founded by Ray Carroll, Simon Griffiths and Frank Maeba, who are supported by 11 additional investment professionals. The entire team are expected to join Neuberger Berman in Q4 this year. There will be no changes to the BHC investment process.

George Walker, CEO of Neuberger Berman, says: “I’m excited about the Breton Hill team joining us. They are terrific investors who have consistently delivered for their clients. Their disciplined, quantitative investment approach is distinctive – few have the research and investment platform, technology, and creativity to navigate markets as they do. We are proud to partner with them in the years ahead.”

Ray Carroll, CEO of BHC, adds: “Neuberger Berman is a cultural fit for Breton Hill, valuing independent, original thinking. This move allows us to invest in the same manner we always have, while leveraging the deep resources of a large, global investment firm.

“Joining Neuberger Berman will allow us to focus more time on investing, researching new signals, analysing alternative data sources, and enhancing our technological infrastructure. In addition, we believe Neuberger Berman’s private ownership structure – which aligns our interests with clients and promotes stability and long-term success.”