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The fund, which has been in incubation and will now be available to outside investors, is managed by veteran portfolio manager Eli M. Salzmann who joined Neuberger Berman from Lord, Abbett & Co. in January 2011, according to the firm. 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. It seeks to outperform its benchmark, the Russell 1000 Value Index.
The fund, which has been in incubation and will now be available to outside investors, is managed by veteran portfolio manager Eli M. Salzmann who joined Neuberger Berman from Lord, Abbett & Co. in January 2011, according to the firm.
Rebecca Mooreeditors@plansponsor.com
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