Neuberger Berman Adds To China Equity Capabilities With New Investment Team

NEW YORK, July 19, 2017 /PRNewswire/ -- Neuberger Berman, a private, independent, employee-owned investment manager, announced an addition to its China equity capabilities with portfolio manager Bin Yu joining the firm.

Mr. Yu brings with him a team of four research analysts, all from CloudRidge Capital, an investment management firm he founded in 2014. The team will continue to manage their current strategy as a private fund with offerings to expand based on Neuberger Berman clients' needs. The team is located in Hong Kong and Beijing.

Mr. Yu and team bring strong local expertise and experience in the China equity markets—both with local listed A-shares and Hong Kong listed H-shares—as well as a track record of outperformance. Their long-term, high conviction, value oriented investment approach is grounded in fundamental research and looks to capitalize on sustainable trends.

Prior to CloudRidge, Mr. Yu spent more than five years with the China Investment Corporation, where he was head of the $10 billion global equity team and a senior portfolio manager co-managing three multi-billion portfolios: equity long short, long-only global equity and equity special situations. Prior to that, he was with Eagle Capital Management in New York for four years, where he helped manage a $7 billion long-only U.S. equity portfolio for institutional investors. After attending Peking University, he earned an M.A. and Ph.D. in Physics from Brandeis University and a Master of Philosophy in Management Science from the Columbia University Graduate School of Business.

"I'm excited to join Neuberger Berman as Chinese equities become increasingly integrated in global investors' portfolios," said Mr. Yu. "My team and I have worked to build our institutional investment process and record, and as we approach our three-year anniversary we look forward to joining a firm with the depth and resources of Neuberger Berman."

Joseph Amato, President and Chief Investment Officer, Equities, at Neuberger Berman said, "We are excited about extending our investment capabilities in China—a large and increasingly important equity market. Bin's long-term, high conviction, value oriented investment approach is grounded in fundamental research and we expect him to be a great fit in the Neuberger Berman culture."

About Neuberger Berman

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide. With offices in 19 countries, Neuberger Berman's team is approximately 1,900 professionals, as of June 30, 2017. The company was named the #1 firm in Pensions & Investments 2016 Best Places to Work in Money Management survey (among those with 1,000 employees or more). Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $271 billion in client assets as of June 30, 2017. For more information, please visit our website at www.nb.com.

All information is as of June 30, 2017 unless otherwise indicated and is subject to change without notice.  Firm data, including employee and assets under management figures, reflects collective data for the various affiliated investment advisers that are subsidiaries of Neuberger Berman Group LLC.  Firm history/timeline includes the history of all firm subsidiaries, including predecessor entities and acquisitions.

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