Copying and distributing are prohibited without permission of the publisher
JPMorgan wins prime custody mandate
25 June 2012
JPMorgan will provide prime custody solutions and fund services for Neuberger Berman’s new alternative mutual fund
JPMorgan has won a mandate from Neuberger Berman to provide integrated prime custody services, fund accounting and fund administration for its newly-launched Neuberger Berman Absolute Return Multi-Manager Fund.
“We are delighted to be working with Neuberger Berman as they are a leader in the fund management industry, offering hedge fund strategies through ’40 act mutual funds structures,” said Devon George-Eghdami, managing director and head of prime custody solutions.
The fund seeks capital appreciation with an emphasis on absolute returns by allocating its assets to multiple hedge fund advisors that employ distinct alternative investment strategies.