Administration November 10, 2002

Neuberger Berman Picks Up Oscar

October 23, 2001 (PLANSPONSOR.com) - Neuberger Berman will acquire the assets of Oscar Capital Management, LLC.

Reported by

Oscar Capital Management was founded in 1996 by Andrew K. Boszhardt, Jr, and Anthony Scaramucci to provide investment advice to wealthy individuals, families, trusts and foundations. MSD Capital, the private investment firm for Michael Dell, is a minority owner of Oscar Capital.

Oscar Capital has over $800 million in assets under management, primarily high net worth separate accounts and investment partnerships.

All four senior partners of Oscar Capital Management, LLC — Andrew K. Boszhardt, Jr., Anthony Scaramucci, Yolanda Turocy and Brett Messing — will join Neuberger Berman as Managing Directors in the Private Asset Management group.

The transaction is projected to close prior to year-end.

– Nevin Adams editors@plansponsor.com