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
The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call.
Two national advice businesses have merged to form a leading holistic advice business with $2.5 billion in funds under management.
Insignia Financial has completed its transition of a range of administration and technology functions to SS&C Technologies as it seeks to be a leading wealth manager by 2030.
ASIC has permanently banned a financial adviser after he allegedly concealed information from clients and misused client funds, among other breaches.
