Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

SEI awards Neuberger Berman $220m EMD mandate

SEI awards Neuberger Berman $220m EMD mandate

SEI has given Neuberger Berman a $220m (£133 million) emerging market debt mandate with the group set to replace Ashmore Investment Management.

Neuberger joins Investec and Stone Harbor Investment partners running portions of the SGMF Emerging Markets Debt fund, part of the group's strategic portfolios range.

The mandate will be overseen by the EMD team Neuberger poached from ING early last year.

Jason Collins, head of the UK investment management unit at SEI said: 'The senior leaders of the team average 15 years of investment experience and have worked through some of the most unique and volatile periods in EM currency markets, giving them a deep understanding of how to anticipate and navigate currency crises.

'Moreover, the team’s global presence enables them to obtain superior country and credit insight, perform more frequent country visits, and engage in around-the-clock portfolio management and timely execution.'

Dik van Lomwel, head of EMEA and Latin America at Neuberger Berman added: 'With bases in the US, Europe and Asia, our dedicated EMD team is well placed to build portfolios that have the opportunity to generate excess returns from a broad set of alpha sources, and we welcome the chance to work with a global multi-manager as well respected as SEI.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Dispelling the sustainable investing myths

Dispelling the sustainable investing myths

There's a bit of a buzz around sustainable investing at the moment. We speak to three wealth managers to find out what they think.

Play Inside ETFs: positioning for the Fed rate rise

Inside ETFs: positioning for the Fed rate rise

Natalie Fast discusses how investors are using ETFs to position for a rate rise with guests Irene Bauer from Twenty20  Investments and Markit's Simon Colvin.

Play Wealth Manager Retreat: video highlights

Wealth Manager Retreat: video highlights

The UK's leading wealth management talent gathered at our annual event at the Grove celebrate the best in private client portfolio management.

Wealth Manager on Twitter