Canadian firm joins Neuberger Berman
Global independent, employee-owned investment manager, Neuberger Berman, has welcomed Toronto-based investment firm, Brenton Hill Capital’s (BHC’s) team, which is set to join Neuberger Berman.
Neuberger Berman expected to enhance its quantitative investment capabilities by welcoming BHC’s team, which managed around US$2 billion in client assets.
BHC used quantitative research and proprietary technology infrastructure and its solutions ranged across the risk and return spectrum, with a focus on alternative risk premia and multi-factor solutions spanning equities, currencies, commodities and rates.
BHC’s investment philosophy, process and proprietary technology platform were developed by its co-founders, Ray Carroll, Simon Griffiths, and Frank Maeba, and are supported by 11 additional investment professionals, all of whom were expected to join Neuberger Berman. There would be no changes to the BHC investment process.
BHC chief executive, chief investment officer, and co-founder, Ray Carroll said: “Joining Neuberger Berman will allow us to focus more time on investing, researching new signals, analysing alternative data sources, and enhancing our technological infrastructure. In addition, we believe Neuberger Berman’s private ownership structure – which aligns our interests with clients – promotes stability and long-term success”.
Neuberger Berman Canada managing director, Clay Khan said BHC’s capabilities would enable the firm to deliver investment strategies to the Canadian community.
AUTHOR
Malavika Santhebennur
Recommended for you
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
Responsible investment performance concerns have lessened as the market hits $1.6 trillion in AUM, according to RIAA’s annual report, but greenwashing fears among asset managers are on the rise.
