Fact sheet: NB Abs Rtn Ml Strategy

Fund information
Fund name
NB Absolute Return Multi Strategy A USD
Fund manager company
Neuberger Berman Europe Ltd
Fund type
No data available.
Fund managers
  • Jeff Majitsince 31/10/2013
  • Fred Inghamsince 31/10/2013
  • David Kuppermansince 31/10/2013
Fund objective
To increase the value of your shares by achieving absolute returns through a diversified portfolio with a variety of investment strategies. The fund employs a multi-manager strategy by using several sub-advisors in order to carry out its investment strategy. No more than 25% of the fund will be under the management of any individual sub-advisor. No more than 50% of the fund may be invested in a single investment strategy. Sub-advisor and strategy selection is the result of fundamental research and analysis.
Benchmark
  • No Specified Index
Investment style
Multi Strategy
Investment method
Mixed
Quick stats
1 Year return
-
1 Year rank in sector
48/124
Sector
FO Hedge/Stru Prod - Mixed
Yield
-
Fund size
£322m (£494m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
77
Top in this sector
Fund name1 Year
LFIS VisionPremiaOpps19.4%
Garraway Garr FT16.8%
Castellain Value16.6%
Avia Altus14.6%
Nordea 1 Alpha 1512.7%
...more in FO Hedge/Stru Prod - Mixed

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%-1.6%--5.4%-
Sector-0.1%-1.5%-0.5%-1.7%3.3%6.6%
Rank within sector32 / 12050 / 14132 / 13848 / 12473 / 83-
Quartile2nd2nd1st2nd4th
Calendar performance
 YTD - 20162015201420132012
Fund0.7%-6.5%-0.4%--
Sector-1.5%-0.6%5.1%1.4%1.9%
Rank within sector43 / 12598 / 10872 / 89--
Quartile2nd4th4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high9.53
52 week low9.05
Current bid price-
Current offer price-
Current mid price9.49
Region
1North America95%
2Money Market5%
Industry sector
No data available.
Asset type
No data available.
Individual holdings
1COMMERCIAL MORTGAGE-BACKED SECURITY3.3%
2TRUST PREFERRED SECURITY1.33%
3INTELSAT JACKSON HLDG1.19%
4EXTREME REACH0.98%
5SABMILLER ORD USD0.100.89%
6SUNEDISON INC0.88%
7JOHNSON CONTROLS INTL PLC0.82%
8LINKEDIN CORP0.8%
Management
Fund manager group
Neuberger Berman
Fund manager company
Neuberger Berman Europe Ltd
Fund type
No data available.
Fund objective
To increase the value of your shares by achieving absolute returns through a diversified portfolio with a variety of investment strategies. The fund employs a multi-manager strategy by using several sub-advisors in order to carry out its investment strategy. No more than 25% of the fund will be under the management of any individual sub-advisor. No more than 50% of the fund may be invested in a single investment strategy. Sub-advisor and strategy selection is the result of fundamental research and analysis.
Benchmark
  • No Specified Index
Investment style
Multi Strategy
Investment method
Mixed
Fund managers
NameSinceBiography
Jeff Majit31/10/2013Jeff Majit, CFA, Managing Director, joined the Firm in 2000. Jeff is co-head of NBAIM and a member of the Investment Committee and also serves as the Head of Event Driven & Relative Value Strategy Research on the NB Alternative Investment Management Team. Prior to joining the team in 2002, Jeff worked in Investment Banking for Lehman Brothers’ Global Power and Project Finance group where he worked on M&A advisories as well as capital markets financings. Jeff graduated Phi Beta Kappa from Amherst College, earning a BA with concentrations in Economics and Asian Languages & Civilizations. Jeff holds the designation of Chartered Financial Analyst.
Fred Ingham31/10/2013Fred Ingham, ACA, CFA, Managing Director, joined the Firm in 2005. Fred is a member of the Investment Committee and also serves as the Head of International Hedge Fund Investments on the NB Alternative Investment Management Team. Prior to joining the Firm, Fred spent three and a half years at Coronation International Ltd, where he was a portfolio manager and senior sector analyst. Responsibilities covered portfolio construction, manager selection, due diligence and risk management. Prior to Coronation, he spent three and a half years at PricewaterhouseCoopers in the Corporate Tax division, advising global financial institutions on international structuring and M&A. Previously, Fred worked as a research intern with the COBA Group, a strategy consultancy based in London. He is a qualified Chartered Accountant in the United Kingdom (ACA) and holds an MA from Oxford University. Fred holds the designation of Chartered Financial Analyst.
David Kupperman31/10/2013David Kupperman, PhD, Managing Director, joined the firm in 2011. David is co-head of NBAIM and a member of the Investment Committee and also serves as the Head of Liquid Strategies on the NB Alternative Investment Management Team. Prior to joining, David was a partner and member of the investment committee at Alternative Investment Management, LLC. Prior, David worked as a Managing Director and member of the Executive Committee of Paloma Partners Management Company, a multi-strategy hedge fund focused on relative value trading strategies. Prior to Paloma, David worked at The Carlyle Group, one of the world’s largest alternative investment managers. At Carlyle, he most recently served as the Principal of Product and Business Development, reporting directly to the firm's co-founder. Prior to Carlyle, David was a Vice President in both the Private Equity and Portfolio Strategy Groups at Goldman, Sachs & Co. In his role in portfolio strategy, he authored papers on asset allocation and helped develop Goldman’s quantitative asset allocation framework for high net worth investors. Additionally, he worked with individual ultra-high net worth clients in establishing their asset allocations and investment strategies. While in the private equity group, he worked on secondary private equity, fund-of-funds, fund performance analysis, and the structuring of alternative investment programs for Goldman clients. He currently serves as a member of the Executive Committee of the Investment Management Division of the UJA Federation of New York. David holds a M.A. and a Ph.D. in Physics from The Johns Hopkins University and a B.A. and a M.E. from Cornell University.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Sweden
NB Absolute Return Multi Strategy A Acc EUR
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.7%
Bid price-
Offer price-
Mid price9.22
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKNVY
NB Absolute Return Multi Strategy A Acc RMB
Initial charge5%
Annual charge1.5%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.7%
Bid price-
Offer price-
Mid price99.43
CurrencyCNH
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKOJG
NB Absolute Return Multi Strategy A USD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.7%
Bid price-
Offer price-
Mid price9.49
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJY5W
NB Absolute Return Multi Strategy D Dis JPY
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price937.68
CurrencyJPY
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKRKW
NB Absolute Return Multi Strategy D Unhedged Dis JPY
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1072.99
CurrencyJPY
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKPVL
NB Absolute Return Multi Strategy I Acc CHF
Initial charge-
Annual charge0.75%
Min single investment£2,500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price9.39
CurrencyCHF
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK4IH
NB Absolute Return Multi Strategy I Acc EUR
Initial charge-
Annual charge0.75%
Min single investment£2,500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price9.34
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKNVX
NB Absolute Return Multi Strategy I Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£2,500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price9.48
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKNWJ
NB Absolute Return Multi Strategy I Acc JPY
Initial charge-
Annual charge0.75%
Min single investment£250,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price937.11
CurrencyJPY
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKNWI
NB Absolute Return Multi Strategy I USD
Initial charge-
Annual charge0.75%
Min single investment£2,500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price9.77
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJV3C
NB Absolute Return Multi Strategy I2 Acc AUD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.56
CurrencyAUD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN0UW
NB Absolute Return Multi Strategy I2 Acc CHF
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.32
CurrencyCHF
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN0UX
NB Absolute Return Multi Strategy I2 Acc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.7
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMSMB
NB Absolute Return Multi Strategy I2 Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.83
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMSMC
NB Absolute Return Multi Strategy I2 GBP
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price9.58
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM5AE
NB Absolute Return Multi Strategy I3 GBP
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price9.89
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFEBY
NB Absolute Return Multi Strategy M Acc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.11
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMY9R
NB Absolute Return Multi Strategy T Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.33
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKNWE
NB Absolute Return Multi Strategy Z Acc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.62
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKNWB
NB Absolute Return Multi Strategy Z Acc GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.79
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKNWA
NB Absolute Return Multi Strategy Z Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.68
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKNVZ
NB Absolute Return Multi Strategy Z Dis AUD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.02
CurrencyAUD
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKQMS
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.