Neuberger Berman loan fund offers rate rise hedge

Asset manager Neuberger Berman is launching a $200m London-listed closed end fund that will play to fixed income investors’ fears of rising global interest rates.

  • 25 Feb 2011

The fund, which the firm began marketing on Wednesday, will buy non-investment grade senior secured loans and give investors access to a floating rate product that will aim for a first-year dividend yield of 5%.

The deal, due to list in April, has been structured with discount control and ...

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