Neuberger Berman Group announced Monday it hired Eli M. Salzman as a managing director and portfolio manager.

He will specialize in U.S. large-cap value equity strategies.

Before joining New York-based Neuberger Berman, Salzman was a partner at Lord, Abbett & Co. where he managed more than $10 billion in U.S. large-cap value equities.

Salzman, 46, worked at Lord Abbett since 1997. Before that, he worked at Mutual of America and Mitchell Hutchins Asset Management.

“Eli Salzman is a well-regarded and highly experienced portfolio manager with a history of delivering superior investment performance for institutional and retail clients,’’ said Joseph Amato, Neuberger Berman’s president and chief investment officer. “We’re delighted that he has chosen Neuberger Berman as his new home.”

Established in 1939, Neuberger Berman had $190 billion in assets under management as of Dec. 31.


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