Neuberger Berman Abs Ret Multi-Mgr A (NABAX)
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Neuberger Berman Abs Ret Multi-Mgr A
New York NY 10158
605 Third Avenue
Neuberger Berman Alternative Funds
(212) 476-8800
Management Information
,Lead Manager since May 14, 2012
David Kupperman, PhD, Managing Director, is Co-head of the NB Alternative Investment Management team and a member of the team’s Investment Committee. Prior to joining the firm in 2011, David was a partner and member of the investment committee at another asset management firm, Alternative Investment Management, LLC., that focused on alternative investing and managing fund-of-hedge funds. Before that, he was a managing director and member of the executive committee at Paloma Partners Management Company, a multi-strategy hedge fund focused on relative value trading strategies. Previously, David was a principal at The Carlyle Group, one of the world’s largest alternative investment managers. Prior to joining Carlyle, he was a vice president in both the private equity and portfolio strategy groups at Goldman, Sachs & Co. In his portfolio strategy role, he authored papers on asset allocation and helped develop Goldman’s quantitative asset allocation framework for high-net-worth investors. David holds an MA and a PhD in physics from Johns Hopkins University and a BA and an ME from Cornell University.
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.
Fund Overview
CategoryMultistrategy
Fund FamilyNeuberger Berman
Net Assets99.44M
YTD Return1.65%
Yield0.59%
Morningstar Rating★★★
Inception DateMay 14, 2012
Fund Operations
Last Dividend0.07
Last Cap Gain-82.00
Holdings Turnover201.00%
Average for CategoryN/A
Fees & Expenses
ExpenseNABAXCategory Average
Annual Report Expense Ratio (net)2.04%1.58%
Prospectus Net Expense Ratio2.04%N/A
Prospectus Gross Expense Ratio2.52%N/A
Max 12b1 FeeN/AN/A
Max Front End Sales LoadN/A5.36%
Max Deferred Sales LoadN/A1.00%
3 Yr Expense Projection0N/A
5 Yr Expense Projection0N/A
10 Yr Expense Projection0N/A
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