Neuberger Australia Wins $290M Mandates
Neuberger Berman Australia has won two mandates for its global and emerging markets strategies.
Neuberger Berman Australia has won two mandates for its global and emerging markets strategies, Financial Standard reports. The fund management firm has been awarded a $90 million emerging markets equity mandate from HOSTPLUS. IOOF has also allocated $200 million in global equities. In April, the firm had received a $100 million global tactical asset allocation mandate from Colonial First State. Neuberger Berman Australia is a newly licenced unit of U.S. asset manager Neuberger Berman.
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