Research houses maintain support for hedge fund
Researchers, Lonsec and Zenith are continuing to back the Neuberger Berman (NB) ARMS Trust, maintaining their "recommended" and "approved" ratings respectively.
Both researchers highlighted the stability of the hedge fund's team, and its blended quantitative and qualitative approach as key factors in maintaining their ratings of it.
The ARMS Trust is a diversified alternatives, multi strategy option, that seeks absolute returns through an active allocation to a select group of "best of breed" alternative investment managers.
"Relative to Lonsec rated peers in the Fund of Hedge Funds sub-sector, the Trust offers investors a greater level of liquidity (daily) and transparency at the lowest total fee load," Lonsec said.
"While the Trust has only been recently established, the underlying ARMS Fund has a longer track record."
The Zenith review said "The portfolio construction process is an output of Neuberger Berman's top-down analysis and determines the optimal weights to each strategy and the underlying manager combination.
"Neuberger Berman adopts a dynamic and iterative process to manager selection, screening its universe of 3,500 managers sourced from NB's industry network."
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