Disruptive Forces in Investing

Latest Episodes:

Make Your Money Move Apr 09, 2024

Show notes

Given the economic uncertainties that unfolded from the COVID-19 pandemic and lead to rising inflation rates, investors held onto cash as their main arsenal. However, with central banks signaling interest rate cuts, now might be the time to move cash off the sidelines. Anchored in insights from our Make Your Money Move campaign, we will explore questions like: why cash rates have been so attractive? What opportunities exist now? Are there risks investors should be mindful of? On this episode of Disruptive Forces, host Anu Rajakumar invites Rebekah McMillan, Associate Portfolio Manager and co-author of Cash Balances: Is It Time to Make Your Money Move?, to provide a comprehensive analysis of current economic conditions, the state of cash, and the potential for growth across various asset classes.

This podcast includes general market commentary, general investment education and general information about Neuberger Berman. It is provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. This communication is not directed at any investor or category of investors and should not be regarded as investment advice or a suggestion to engage in or refrain from any investment-related course of action. Investment decisions should be made based on an investor's individual objectives and circumstances and in consultation with his or her advisors. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness, or reliability. All information is current as of the date of recording and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. This material may include estimates, outlooks, projections and other "forward-looking statements." Due to a variety of factors, actual events or market behavior may differ significantly from any views expressed. Neuberger Berman products and services may not be available in all jurisdictions or to all client types. Diversification does not guarantee profit or protect against loss in declining markets. Investing entails risks including the possible loss of principal. Investments in hedge funds and private equity are speculative, involve a higher degree of risk than more traditional investments and are intended for sophisticated investors only. Indexes are unmanaged and are not available for direct investment. Past performance is no guarantee of future results.

The information in this material may contain projections, market outlooks or other forward-looking statements regarding future events, including economic, asset class and market outlooks or expectations, and is only current as of the date indicated. There is no assurance that such events, outlook and expectations will be achieved, and actual results may be significantly different than that shown here. The duration and characteristics of past market/economic cycles and market behavior, including any bull/bear markets, is no indication of the duration and characteristics of any current or future be market/economic cycles or behavior. Information on historical observations about asset or sub-asset classes is not intended to represent or predict future events. Historical trends do not imply, forecast or guarantee future results. Information is based on current views and market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons.

Discussions of any specific sectors and companies are for informational purposes only. This material is not intended as a formal research report and should not be relied upon as a basis for making an investment decision. The firm, its employees and advisory accounts may hold positions of any companies discussed. Specific securities identified and described do not represent all of the securities purchased, sold or recommended for advisory clients. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. Any discussion of environmental, social and governance (ESG) factor and ratings are for informational purposes only and should not be relied upon as a basis for making an investment decision. ESG factors are one of many factors that may be considered when making investment decisions.

This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit http://www.nb.com/disclosure-global-communications for the specific entities and jurisdictional limitations and restrictions.

The "Neuberger Berman" name and logo are registered service marks of Neuberger Berman Group LLC.

Reassessing Retirement Savings with Robin Diamonte Mar 26, 2024

Show notes

As we mark the annual observance of International Women's Day this March, we highlight the contributions and milestones of women in society all month long. In honor of this celebration, we invited an esteemed female Chief Investment Officer to highlight a core investment topic some people tend to misunderstand: retirement savings. How has retirement planning evolved over the years? How have demographics been impacted by this change? And what are some steps corporations can take to generate more inclusive conversations around retirement savings? On this episode of Disruptive Forces, Robin Diamonte, Chief Investment Officer at RTX, joins Anu Rajakumar, to share her insights into her personal career journey as well as the world of investing in retirement assets.

The "Neuberger Berman" name and logo are registered service marks of Neuberger Berman Group LLC.

When Specialty Finance Meets Silicon Valley Innovation Mar 12, 2024

Show notes

In the rapidly evolving world of alternative credit, Specialty Finance strategies can offer access to high-quality deals, backed with strong partnerships, for investors seeking to generate current income via short-duration transactions. With geographical positioning and technological advancements to consider, what is so special about this sector? How have innovations like fintech impacted traditional banking and lending practices? What obstacles are presented for investors? On this episode of Disruptive Forces, Anu Rajakumar brings back Peter Sterling, Head of Specialty Finance, to discuss the evolution of Specialty Finance and the potential risks and opportunities that lie ahead.

This general market summary and the opinions and beliefs expressed in this podcast are provided for general informational purposes only. Nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security, and the views and beliefs expressed are not intended to predict or guarantee the future performance of any individual security, market sector or the markets generally. This presentation is general in nature and is not directed to any category of investors and should not be regarded as individualized, a recommendation, investment advice or a suggestion to engage in or refrain from any investment-related course of action. Investment decisions and the appropriateness of this presentation should be made based on an investor's individual objectives and circumstances and in consultation with his or her advisors. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability, and has not been independently verified. All information, opinions and beliefs set forth in this presentation are current as of the date of this presentation and are subject to change without notice. We do not undertake to advise you of any change in the opinions and beliefs or the information contained in this presentation. Any views or opinions expressed may not reflect those of the firm as a whole. We may issue presentations or have opinions that are inconsistent with, and reach different conclusions from, this presentation. No representation is made that any investment process, investment objectives, goals or risk management techniques discussed herein will or are likely to be achieved or successful.

Any forward-looking opinions, beliefs, estimates, assumptions, outlooks, projections, assessments, or similar statements (collectively, "Statements"), constitute only subjective views, estimations or intentions, should not be relied on, are subject to change due to many factors, including fluctuating market conditions and economic factors. Such Statements involve inherent risks, many of which cannot be predicted or quantified and are beyond our control. Future evidence and actual results could differ materially from those set forth in, contemplated by, or underlying these Statements, which are subject to change without notice. Considering the foregoing, there can be no assurance and no representation is given that these Statements are now, or will prove to be, accurate or complete. Neuberger Berman undertakes no responsibility or obligation to revise or update such Statements.

Neuberger Berman products and services may not be available in all jurisdictions or to all client types. Diversification does not guarantee profit or protect against loss in declining markets. Investing entails risks, including possible loss of principal. Indexes are unmanaged and are not available for direct investment. Investments in hedge funds, private equity and other private funds are speculative and involve more risk than more traditional investments. Investments in hedge funds, private equity and other private funds are intended for sophisticated investors only. Past performance is no guarantee of future results.

Portfolio, volatility or return targets or objectives, if any, are used solely for illustration, measurement or comparison purposes. Such targets or objectives reflect subjective determinations based on a variety of factors including, among others, strategy and prior performance (if any), volatility measures, portfolio characteristics and risk, and market conditions. Volatility and performance will fluctuate, including over short periods, and should be evaluated over the time indicated and not over shorter periods. Performance targets or objectives should not be relied upon as an indication of actual or projected future performance. Actual volatility and returns will depend on a variety of factors including overall market conditions and the ability of to implement the contemplated investment process, investment objectives and risk management. No representation is made that these targets or objectives will be achieved, in whole or in part.

The "Neuberger Berman" name and logo are registered service marks of Neuberger Berman Group LLC.

Real Estate Secondaries: A Diamond in the Rough Market? Feb 27, 2024

Show notes

With liquidity needs continuing to be on the rise, many sophisticated investors look to the secondaries market for solutions. However, with the lower valuations in Real Estate, there may be opportunities in the Real Estate Secondaries space that might not be on the radar as a result of skepticism in the market. But where is that skepticism coming from? Could the opportunities lie in GP-Led secondary transactions more so than LP-led? And what kind of insight can fundamental analysis provide to uncovering opportunities in the space? On this episode of Disruptive Forces, Anu Rajakumar brings back Scott Koenig, Head of Real Estate Secondaries, to understand what dynamics are at play in the market environment that could allow for Real Estate Secondaries to be considered a "diamond in the rough" against today's economic backdrop.

The "Neuberger Berman" name and logo are registered service marks of Neuberger Berman Group LLC.

A New Era for Private Credit Jan 30, 2024

Show notes

The recent buzz around private credit has captured the attention of investors worldwide. It has also demonstrated remarkable resilience amid economic uncertainties. So what opportunities does it present for both institutional and retail investors today? How has private credit disrupted traditional lending? And how could a potential recession affect how investors could capitalize on this asset class? On this episode of Disruptive Forces, Anu Rajakumar welcomes Nikhil Krishnan, Managing Director of Neuberger Berman Capital Solutions, to discuss the evolution of the private credit landscape and determine if the bubble will burst or if it even exists at all...

This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit www.nb.com/disclosure-global-communications for the specific entities and jurisdictional limitations and restrictions.

The "Neuberger Berman" name and logo are registered service marks of Neuberger Berman Group LLC.

What Tailor-Made Investing Looks Like Jan 09, 2024

Show notes

With a new calendar year ahead of us, many of us are taking the time to evaluate our investments against the current macro backdrop and seek to set ourselves up for long-term success. As the wave of economic volatility continues, we have found that there is no "one size fits all" approach in portfolio construction. But what does it mean to customize investments? How can investors explore tax efficiencies as well as other factors such as ESG and faith-based considerations in portfolio construction? And what are the pros and cons when taking a customized approach? On this episode of Disruptive Forces, Anu Rajakumar chats with Jacob Greene, Head Strategist for Custom Direct Investing, to understand more about what it takes to craft customized portfolios while incorporating a multitude of factors within today's investment landscape.

This communication is provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. This communication is not directed at any investor or category of investors and should not be regarded as investment advice or a suggestion to engage in or refrain from any investment-related course of action. Investment decisions should be made based on an investor's individual objectives and circumstances and in consultation with his or her advisors. All information is current as of the date of this material and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Neuberger Berman products and services may not be available in all jurisdictions or to all client types. This material is not intended as a formal research report and should not be relied upon as a basis for making an investment decision. The firm, its employees and advisory accounts may hold positions of any companies discussed. This material may include estimates, outlooks, projections and other "forward-looking statements." Due to a variety of factors, actual events or market behavior may differ significantly from any views expressed. Investing entails risks, including possible loss of principal. Indexes are unmanaged and are not available for direct investment. Past performance is no guarantee of future results.

The "Neuberger Berman" name and logo are registered service marks of Neuberger Berman Group LLC.

Behind the Scenes of Solving for 2024 Dec 12, 2023

Show notes

As 2023 comes to a close, with its turbulent and challenging market conditions, we look ahead to navigating the complex yet hopefully rewarding landscape to come. How can investors manage volatility and risk, and still find promising investment opportunities? What does the process of creating the ten themes entail? And what strategies can investors adopt to navigate these ever-changing financial markets effectively? On this episode of Disruptive Forces, Anu Rajakumar goes behind the scenes with Shannon Saccocia, Chief Investment Officer for NB Private Wealth, to understand the robust debates that shaped the selection of the Solving for 2024 themes and how they accommodate varying asset class perspectives as well as regional and geographic considerations.

The views expressed herein include those of the Neuberger Berman Multi-Asset team and Neuberger Berman's Asset Allocation Committee. The Asset Allocation Committee is comprised of professionals across multiple disciplines, including equity and fixed income strategists and portfolio managers. The Asset Allocation Committee reviews and sets long-term asset allocation models, establishes preferred near-term tactical asset class allocations and, upon request, reviews asset allocations for large, diversified mandates. The views of the Multi-Asset team or the Asset Allocation Committee may not reflect the views of the firm as a whole, and Neuberger Berman advisers and portfolio managers may take contrary positions to the views of the Multi-Asset team or the Asset Allocation Committee. The Multi-Asset team and the Asset Allocation Committee views do not constitute a prediction or projection of future events or future market behavior. This material may include estimates, outlooks, projections and other "forward-looking statements." Due to a variety of factors, actual events or market behavior may differ significantly from any views expressed.

The "Neuberger Berman" name and logo are registered service marks of Neuberger Berman Group LLC.

The Art of Giving in Philanthropy Nov 28, 2023

Show notes

As the end of the year approaches, many of us consider what we can we do for those in need. Charitable contributions are a vital source of capital for non-profit organizations, but how do investors consider allocating to these causes within their portfolio construction effectively? And particularly during these times of volatility, how can donors optimize their philanthropic efforts? On this Giving Tuesday episode of Disruptive Forces, Julia Chu, Head of Philanthropy and Family Governance Advisory at NB Private Wealth, joins Anu Rajakumar to discuss how the sentiment of becoming a philanthropist has evolved across generations, how investors can approach constructing a philanthropic portfolio, as well as key factors in how individuals and their families can encourage the ways of giving for years to come.

Philanthropic & Family Governance Advisory Services and related materials are provided as a courtesy and are for informational and discussion purposes only. Neuberger Berman is not acting in a fiduciary capacity or recommending any specific governance structures or philanthropic or charitable activities. Recipients of Philanthropic & Family Governance Advisory Services should consult their own tax or legal advisors before implementing any governance structure or philanthropic or charitable activities.

The "Neuberger Berman" name and logo are registered service marks of Neuberger Berman Group LLC.

The Liquidity Squeeze in Secondaries Nov 14, 2023

Show notes

As we continue to navigate the challenged market environment, investors have been exploring what their options are for liquidity in their portfolios. Secondary Private Equity investors in particular have a lot to grapple with: from the undercapitalization of the secondary market to the shifting goals of buyers and sellers in the space. However, could the undercapitalization in the secondary market be a boon to investors, opening up unique opportunities for liquidity providers? Or is all hope lost? For this episode of Disruptive Forces, host Anu Rajakumar brings back Ben Perl (Global Co-Head of Secondary Private Equity) and Philipp Patschkowski (Managing Director in European Secondary Investments) to provide a recap on how Secondaries have fared over the course of the year since they last joined the show, delving into how deal structures are now evolving, what the pros and cons are for investors in this market as well as what the future growth outlook could look like going forward.

The "Neuberger Berman" name and logo are registered service marks of Neuberger Berman Group LLC.

A Force to Be Reckoned With Oct 17, 2023

Show notes

There have been countless disruptions to the asset management industry in the last century with many groundbreaking innovations along the way. From the modernization of the '40 Act to the transformative impact of generative AI, how can we strive for excellence in this incredibly complex environment? Is there a way to have positive systemic impact? And what challenges and opportunities exist in the current volatile investment landscape? On this milestone 100th episode of Disruptive Forces, Anu Rajakumar speaks with George Walker, Chairman and CEO of Neuberger Berman, about how we're moving forward into a new era for asset management.

The "Neuberger Berman" name and logo are registered service marks of Neuberger Berman Group LLC.