Neuberger Berman Picks Up Alternative Investment Manager
According to an announcement, the LibertyView acquisition, which relates to about $1 billion assets under management, is from Credit Agricole Indosuez, part of the Credit Agricole Group.
The parties did not disclose terms and said the transaction is subject to the signing of a definitive purchase contract and certain other conditions, the announcement said.
LibertyView runs both multi-strategy and single strategy funds that focus on equity, credit, volatility and mortgage-backed arbitrage and investing, mostly with institutional clients, the announcement said.
Richard A. Meckler, currently president and chief investment officer of LibertyView, will become President of the LibertyView Capital Management Division of Neuberger Berman and Managing Director of Alternative Investments at the firm.
The announcement said LibertyView’s executives in trading, legal, and marketing, as well as professionals in risk control, operations and systems, will join Neuberger Berman. LibertyView will remain in its offices in Hoboken, N.J.
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