Strategy & Practice Management

Neuberger Berman Obtains China Private Fund Manager License

Neuberger Berman Investment Management (Shanghai) Limited, the company's wholly foreign owned enterprise in China, has secured registration as a private fund manager with the Asset Management Association of China (AMAC).

The registration allows Neuberger Berman to manage private funds and raise assets directly from qualified investors in mainland China, including qualified high-net-worth individuals and local institutions.

"This is a very important milestone for Neuberger Berman and we are delighted to be one of the first firms to secure this license. We are committed to building a leading investment management firm in China, offering our customized product solutions in equities, fixed income, multi-asset, quantitative investing and alternatives,” said Patrick Liu, Head of China, Neuberger Berman.

"Neuberger Berman has made significant progress across the Asia Pacific region in the past few years. China represents a tremendous opportunity for us and we are committed to adding local resources across different functions including Portfolio Management, Legal and Compliance, Marketing and Research,” said Nick Hoar, Head of Asia Pacific, Neuberger Berman.