Neuberger Berman Group LLC, a New York-based asset manager that oversees $216 billion, said it hired 22 people to manage emerging-market debt, including 19 from ING Investment Management Co.
Fred Stein, a self-taught investor who spent three decades as a senior money manager and mentor at the Wall Street firm Neuberger Berman LLC, has died. He was 84.
Lehman Brothers Holdings Inc. plans to sell its equity stake in Neuberger Berman to the investment- management affiliate for as much as $1.5 billion over time, according to a court filing.
Fred Stein, who gave himself a crash course in investing before embarking on a Wall Street career culminating in three decades as a money manager and mentor at Neuberger Berman LLC, has died. He was 84.
"The Icahn proposal would result in a meaningful credit deterioration."
- Neuberger Berman on Oct 04, 2013
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