Neuberger Berman Enters into Agreement with Ramius to Purchase Orchard Square Partners
investment managers, and
management business of
announced that they have entered into an agreement whereby
Berman
manages a global long/short credit investment strategy with
approximately
worked together for over eight years and have an average of eighteen
years of experience. The team is supported by seven professionals who
will also be joining
capital for a diversified investor base comprised of insurance
companies, institutions, family offices, high net worth individuals,
foundations and endowments from
Terms of the deal are undisclosed. The transaction is expected to close
on
About
employee-controlled investment manager. The firm manages equities, fixed
income, private equity and hedge fund portfolios for institutions and
advisors worldwide. With offices in 17 countries, Neuberger Berman’s
team is more than 2,000 professionals and the company was named by
Pensions & Investments as a 2013 Best Place to Work in Money Management.
Tenured, stable and long-term in focus, the firm fosters an investment
culture of fundamental research and independent thinking. It manages
please visit www.nb.com.
About
with its consolidated subsidiaries, provides alternative asset
management, investment banking, research, and sales and trading services
through its two business segments: Ramius and its affiliates make up the
Company’s alternative investment segment, while
its affiliates make up the Company’s broker-dealer segment. Ramius
provides alternative asset management solutions to a global client base
and manages a significant portion of Cowen’s proprietary capital.
and Company
for growth-oriented companies, domain knowledge-driven research and a
sales and trading platform for institutional investors. Founded in 1918,
the firm is headquartered in
Source:
Media:
Neuberger Berman
Alexander Samuelson,
212-476-5392
or
Sard Verbinnen & Co
Dan
Gagnier/Carissa Felger
212-687-8080