Neuberger Berman signs up to PRI
Leading employee-owned money manager, Neuberger Berman Group has become a signatory to the Principles for Responsible Investment (PRI).
Announcing the move this week, Neuberger Berman president and chief investment officer Joseph Amato said the signing of the PRI is another example of the company's commitment to responsible investing.
"This is a statement of our support for PRI and its work with asset managers in formulating a global presence for the principles,'' he said.
Neuberger Berman Australia senior vice president Paul O'Halloran said the company's clients had experienced the benefit of an investment team implementing a responsible investment framework within its research process over a substantial period of time.
"Our socially responsive fund has a long history, and the principles are in line with our own philosophies and practices as research driven, long-term investors," he said.
Recommended for you
AFCA has confirmed United Global Capital’s membership of the body will not be extended to accept further complaints, avoiding a repeat of the Dixon Advisory scenario.
Three of Australia’s largest financial advice groups have shared their thoughts with Money Management on whether they would include crypto on their approved product lists.
Shadow treasurer Angus Taylor has vowed to introduce a bill to legislate a raft of financial services reforms if the Coalition is elected.
Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.
