Neuberger Berman is an Insurance AUM Journal Contributing Manager.
2019 YE — All values in USD billions — Definitions
Firm Information
Neuberger Berman
www.nb.com
1290 Avenue of the Americas, NY, NY, 10104
JP Sursock
Managing Director
| JP.Sursock@nb.com |
212-476-5345 |
Service Offerings & Client Profiles
| Insurer Services | |||
|---|---|---|---|
| Investment Accounting Outsourcing | N | ALM Partnering | Y |
| Customized Portfolio Reporting | Y | Regulatory Assistance | Y |
| Insurance Client Web Portal | N | Strategic Asset Allocation Advice | Y |
| Peer Analytics | Y | Tactical Asset Alloc / Multi-Asset Portfolio Mgt | Y |
| Capital Modelling & Management | Y | Insurance Client Conferences | Y |
| Income & Cash Flow Projections | Y | ESG Specific Products Placed with Insurers | Y |
Client Relationship Size
AUM Summary
| 3rd Party General Account | Public | Private | Total |
|---|---|---|---|
| Fixed Income | 21.779 | 2.455 | 24.234 |
| Equities | 1.779 | 10.979 | 12.758 |
| Total | 23.558 | 13.434 | 36.992 |
| Firm | Public | Private | Total |
|---|---|---|---|
| Fixed Income | 160.807 | 6.652 | 167.459 |
| Equities | 108.294 | 83.971 | 192.265 |
| Total | 269.101 | 90.623 | 359.724 |
| Regions | 3P-GA | Firm |
|---|---|---|
| N America | 17.211 | 228.418 |
| Europe & UK | 7.048 | 46.462 |
| APAC | 12.619 | 15.7 |
| Offshore | – | – |
| Other | 0.114 | 69.144 |
AUM Details
| Public Fixed Income | 3P-GA | Firm |
|---|---|---|
| Cash/Short-Term | 0.829 | 5.805 |
| Governments & Agencies | 0.316 | 18.089 |
| Corporates | 15.361 | 44.667 |
| Municipals, Tax-Preferenced | 0.011 | 5.465 |
| Municipals, Taxable | 0.014 | 6.031 |
| Securitized – RMBS | 0.112 | 1.616 |
| Securitized – All Other | 1.104 | 11.832 |
| Convertibles | – | – |
| High Yield | 0.651 | 25.067 |
| Bank/Leveraged Loans | 0.577 | 16.49 |
| CLOs | 0.58 | 2.059 |
| Emerging Markets – Sovereigns | 1.859 | 18.635 |
| Emerging Markets – Corporates | 0.13 | 5.14 |
| Other | 0.091 | 0.211 |
| Public Equities | 3P-GA | Firm |
|---|---|---|
| Large Cap | 0.177 | 63.792 |
| Mid Cap | – | 2.854 |
| Small Cap | 1.322 | 18.006 |
| Global Developed Markets | 0.14 | 7.659 |
| Emerging Markets | 0.135 | 9.205 |
| Quant/Smart Beta | – | 4.029 |
| Mkt Neutral / Long-Short / Liquid Alts | 0.004 | 3.487 |
| Dividend-Tilt | 0.006 | 2.748 |
| Passive SMAs | – | – |
| Other | – | – |
| Private Fixed Income | 3P-GA | Firm |
|---|---|---|
| Private Placements – Traditional | – | – |
| Corporate – Middle Market | 0.835 | 4.216 |
| RE – CMLs | – | – |
| RE – All Other Debt | 1.62 | 2.436 |
| Infrastructure Debt | – | – |
| Structured | – | – |
| High Yield | – | 0.318 |
| Other | – | – |
| Private Equity, Equity Alts | 3P-GA | Firm |
|---|---|---|
| PE / VC | 10.711 | 67.881 |
| RE Equity | 0.197 | 4.679 |
| Infrastructure Equity | – | – |
| Hedge Funds | 0.268 | 16.09 |
| Other | – | – |
