Canadian firm joins Neuberger Berman
Global independent, employee-owned investment manager, Neuberger Berman, has welcomed Toronto-based investment firm, Brenton Hill Capital’s (BHC’s) team, which is set to join Neuberger Berman.
Neuberger Berman expected to enhance its quantitative investment capabilities by welcoming BHC’s team, which managed around US$2 billion in client assets.
BHC used quantitative research and proprietary technology infrastructure and its solutions ranged across the risk and return spectrum, with a focus on alternative risk premia and multi-factor solutions spanning equities, currencies, commodities and rates.
BHC’s investment philosophy, process and proprietary technology platform were developed by its co-founders, Ray Carroll, Simon Griffiths, and Frank Maeba, and are supported by 11 additional investment professionals, all of whom were expected to join Neuberger Berman. There would be no changes to the BHC investment process.
BHC chief executive, chief investment officer, and co-founder, Ray Carroll said: “Joining Neuberger Berman will allow us to focus more time on investing, researching new signals, analysing alternative data sources, and enhancing our technological infrastructure. In addition, we believe Neuberger Berman’s private ownership structure – which aligns our interests with clients – promotes stability and long-term success”.
Neuberger Berman Canada managing director, Clay Khan said BHC’s capabilities would enable the firm to deliver investment strategies to the Canadian community.
Recommended for you
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.
