The non-public funding administration agency with $402 billion in property underneath administration (AUM), Neuberger Berman Group LLC, has revealed the corporate now has energetic publicity to cryptocurrencies like bitcoin. The multi-billion-dollar asset supervisor disclosed this data in a Type 497 with the intention to adjust to the Securities and Trade Fee’s EDGAR submitting system.
Neuberger Berman’s 497 Exhibits Bitcoin and Ethereum Publicity
Neuberger Berman (NB) has detailed in a Form 497 filing with the Securities and Trade Fee (SEC) that it’s now allowing energetic publicity to crypto investments. The corporate is a well-known wealth supervisor with $402 billion AUM right this moment and in 2003 Neuberger Berman merged with Lehman Brothers.
Following the collapse of Lehman Brothers on September 15, 2008, Neuberger Berman continued to function and spinned itself away from the mother or father firm. The submitting with SEC reveals the agency permits publicity to cryptocurrencies now and mentions the main crypto property bitcoin (BTC) and ethereum (ETH) within the submitting.
“Neuberger Berman Commodity Technique Fund’s (the “Fund”) funding technique will allow actively managed publicity to cryptocurrency investments and digital property by (i) cryptocurrency derivatives, resembling bitcoin futures and ether futures, and (ii) investments in bitcoin trusts and exchange-traded funds to achieve oblique publicity to bitcoin.”
CIK Submitting Discloses Crypto Volatility Fund, NB Weblog Submit Highlights the Advantages of Bitcoin
The assertion additionally follows Neuberger Berman’s Central Index Key (CIK) submitting on the SEC’s community system that discloses data on the “Neuberger Berman Hedged Cryptocurrency Volatility Fund LLC.”
The CIK filing was printed on July 29 and there’s been no official point out of the crypto fund from Neuberger Berman’s advertising and marketing staff. The corporate has been experiencing sturdy development since 2010 seeing 14% per 12 months when it tapped $250 billion AUM in 2014.
In mid-March, the crypto neighborhood caught a whiff of Neuberger Berman’s curiosity in bitcoin when it printed a weblog put up known as “The Bitcoin Experiment.” The editorial written by a lot of Neuberger Berman asset managers highlights that the “ascent of bitcoin is capturing the creativeness of traders globally.”
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