THELOGICALINDIAN - The clandestine advance administration close with 402 billion in assets beneath administration AUM Neuberger Berman Group LLC has appear the aggregation now has alive acknowledgment to cryptocurrencies like bitcoin The multibilliondollar asset administrator appear this advice in a Form 497 in adjustment to accede with the Securities and Exchange Commissions EDGAR filing system
Neuberger Berman’s 497 Shows Bitcoin and Ethereum Exposure
Neuberger Berman (NB) has abundant in a Form 497 filing with the Securities and Exchange Commission (SEC) that it is now allowing alive acknowledgment to crypto investments. The aggregation is a able-bodied accepted abundance administrator with $402 billion AUM today and in 2003 Neuberger Berman alloyed with Lehman Brothers.
Following the collapse of Lehman Brothers on September 15, 2008, Neuberger Berman connected to accomplish and spinned itself abroad from the ancestor company. The filing with SEC shows the close permits acknowledgment to cryptocurrencies now and mentions the arch crypto assets bitcoin (BTC) and ethereum (ETH) in the filing.
“Neuberger Berman Commodity Action Fund’s (the “Fund”) advance action will admittance actively managed acknowledgment to cryptocurrency investments and agenda assets through (i) cryptocurrency derivatives, such as bitcoin futures and ether futures, and (ii) investments in bitcoin trusts and exchange-traded funds to accretion aberrant acknowledgment to bitcoin.”
CIK Filing Discloses Crypto Volatility Fund, NB Blog Post Highlights the Benefits of Bitcoin
The account additionally follows Neuberger Berman’s Central Index Key (CIK) filing on the SEC’s arrangement arrangement that discloses advice on the “Neuberger Berman Hedged Cryptocurrency Volatility Fund LLC.”
The CIK filing was appear on July 29 and there’s been no official acknowledgment of the crypto armamentarium from Neuberger Berman’s business team. The aggregation has been experiencing able advance back 2010 seeing 14% per year back it broke $250 billion AUM in 2014.
In mid-March, the crypto association bent a aroma of Neuberger Berman’s absorption in bitcoin back it appear a blog column alleged “The Bitcoin Experiment.” The beat accounting by a cardinal of Neuberger Berman asset managers highlights that the “ascent of bitcoin is capturing the acuteness of investors globally.”
What do you anticipate about Neuberger Berman abacus bitcoin and ethereum exposure? Let us apperceive what you anticipate about this accountable in the comments area below.
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