Last updated: 07:01 / Tuesday, 1 September 2020
Through a local feeder fund

Neuberger Berman and XP Inc. Join Forces to Provide US Multi Cap Strategy to Brazilian Investors

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  • Via the XP Investments platform, the Neuberger Berman Multi-Cap Opportunities Fund will be available for Brazilian retail and institutional investors through a local feeder fund managed by XP
  • The fund is a high conviction strategy which typically invests in 30-40 stocks across three distinct categories: Special Situations, Opportunistic and Classic.
  • Richard Nackenson has run the strategy for over 15 years

Neuberger Berman, a private, independent, employee-owned investment manager, has partnered with XP Inc, a leading technology-driven financial services platform, to offer its flagship US multi-cap equity strategy to Brazilian investors. Via the XP Investments platform, the Neuberger Berman Multi-Cap Opportunities Fund will be available for Brazilian retail and institutional investors through a local feeder fund managed by XP.

The Neuberger Berman Multi-Cap Opportunities Fund is driven by fundamental research to uncover investment opportunities across US equity markets regardless of capitalisation or style spectrums. The fund is a high conviction strategy which typically invests in 30-40 stocks across three distinct categories: Special Situations, Opportunistic and Classic.

The investment team, led by Senior Portfolio Manager Richard Nackenson, adopts a disciplined bottom-up process alongside in-depth quantitative and qualitative free cash flow and capital structure analysis of investee companies. Nackenson, who has run the strategy for over 15 years and has 25 years of investment experience, is supported by a dedicated team of three securities analysts, as well as Neuberger Berman’s wider equity division and ESG investment team. The management team currently runs over 2, 6 billion dollars on behalf of clients globally.

Fabiano Cintra, Funds Specialist at XP Inc, says: “XP’s core mission is to open up a new wave of solutions for Brazilian investors by partnering with the best investment management talent across the world. We are delighted to have established this partnership with Neuberger Berman, which manages over $330 billion globally, and are confident that the US Multi-Cap Opportunities fund’s unconstrained and distinct approach to US equity investing will resonate with our client base.”

Dik van Lomwel, Head of EMEA and Latin America at Neuberger Berman, adds: “This partnership is testament to the Multi-Cap Opportunities Fund’s strong long-term track record and our team’s long-standing, distinct investment philosophy. It marks the latest step in our growth in Latin America and we are pleased to be able to offer this strategy to a wider range of Brazilian investors via the XP platform.”

 

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