Select offers Neuberger Berman ARMS product
Responsible Entity, Select Fund Services has launched the Neuberger Berman Absolute Return Multi Strategy product available to retail and Self Managed Superannuation Fund (SMSF) investors in Australia.
The company announced that it had launched Neuberger Berman ARMS Trust.
Commenting on the launch, Neuberger Berman Australia managing director, Lucas Roony said the product was a liquid alternatives, multi strategy option that sought absolute returns through an active allocation to a select group of established hedge fund managers, diversified across strategy types and geographies.
Head of Fund Services at Select Fund Services, Alex Wise said that as the responsible entity for the ARMS Trust the company was proud to be working with Neuberger Berman on the launch into the Australian market.
“The recent period of low volatility has reinforced a foreboding for many investors familiar with the inherent cyclicality of investment markets,” he said. “Investors are increasingly searching for lower volatility investments that offer portfolio diversification with low correlations to equities and bonds, and ARMS has delivered on those objectives.”
Rooney said that unlike traditional hedge fund investments, the Neuberger Berman ARMS Trust offered daily liquidity, with daily pricing, along with improved portfolio transparency, right down to the stock level.
“It also offers lower investment minimums than typical hedge funds,” he said.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
