Neuberger Bermanis bringing value investment management shopGlickenhaus & Co. and its $900 million in client assets for high net worth individuals and non-profit institutions into its fold.
Portfolio management responsibilities will transition to Neuberger Berman'sStraus Group, led by senior partnerMarvin Schwartz. The Straus Group currently manages approximately $11 billion of client assets. Glickenhaus & Co. portfolio managersSeth Glickenhaus,James GlickenhausandAl Feinmanwill serve as senior advisors to the Straus Group, although direct management of client accounts will be at the sole discretion of Neuberger Berman.
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