Neuberger Berman has unveiled the Neuberger Berman Macro Opportunities FX Fund. It aims to deliver positive returns of 5-6% in excess of cash per annum before fees, primarily by exploring relative value across G10 currencies.
Dik van Lomwel, head of EMEA and Latin America at Neuberger Berman, said: “As the low yield environment continues, investors are increasingly seeking differentiated investment solutions, capable of generating uncorrelated returns.”
The fund’s investment strategy is based on an established process, which has a track record of producing returns with a low correlation to equities, bonds and alternatives, demonstrating particularly strong resilience in adverse market conditions.
Ugo Lancioni, the firm’s head of currency management, is responsible for the new vehicle, with additional support from a dedicated team of five investment professionals. Lancioni, who has been managing active currency strategies at Neuberger Berman since 2008, has a proven track record of generating absolute return across various market environments.
“With the ever-changing geopolitical landscape, the FX market will continue to provide relative value opportunities, which we are looking to capitalise on through a disciplined fundamental investment process,” Lancioni noted. “Our strategy is designed to be resilient in adverse market conditions and offers a perfect complement to traditional asset classes in investors’ portfolios,” he added.