New York-based investment advisor Neuberger Berman said this week that it will acquire the $800 million in assets managed by Oscar Capital Management LLC. The deal is expected to close by year-end.

The assets are comprised of mostly high-net-worth separate accounts.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.