Neuberger Berman portfolio manager Patrick Flynn died unexpectedly this week, according to a statement Friday from the investment firm. He was 49.
Flynn, who was a co-portfolio manager of the Neuberger Berman High Yield Strategies Fund in Chicago, passed away the evening of April 23, according to the statement. The firm said it was deeply saddened by his “untimely passing” and extended condolences to his loved ones.
According to his obituary, Flynn left behind a wife and three children. A memorial service will be held Saturday afternoon at the Weinstein & Piser Funeral Home in Wilmette, Illinois.
Flynn joined Neuberger Berman in 2006. He was the global co-head of non-investment grade credit, sitting on the firm’s credit committee for high-yield bonds and senior floating-rate loans, according to the asset manager’s website.
The Neuberger Berman High Yield Strategies Fund continues to be co-managed by Thomas O'Reilly, Russ Covode, Daniel Doyle, and Joseph Lind. “The team-based approach to portfolio management positions the non-investment grade team to deliver the same continuity of investment process and risk management that has distinguished it for the past two decades,” Neuberger Berman said.
Before Neuberger Berman, Flynn worked at DDJ Capital Management, Putnam Investments, UBS Group, and JPMorgan Chase & Co. He earned an undergraduate degree from Columbia University and a master’s degree in business administration from the University of Chicago.
A spokesman for Neuberger Berman declined to comment beyond the firm’s announcement.