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Alternative Market Briefing

Neuberger Berman acquires Breton Hill Capital

Friday, September 22, 2017

Bailey McCann, Opalesque New York:

$271 billion asset manager Neuberger Berman has acquired $2B Toronto-based, Breton Hill Capital.

Breton Hill runs a quantitative strategy based on equities research. The firm focuses on alternative risk premia and multi-factor solutions spanning equities, currencies, commodities, and rates. BHC's investment philosophy, process, and proprietary technology platform were developed by its co-founders, Ray Carroll, Simon Griffiths, and Frank Maeba. They are supported by 11 additional investment professionals, all of whom are expected to join Neuberger Berman. BHC will maintain its office in Toronto.

BHC manages capital for an investor base of institutions, ultra-high net worth individuals and retail investors across various vehicles.

The team is expected to join in the fourth quarter of 2017.

"Joining Neuberger Berman will allow us to focus more time on investing and researching new signals," Ray Carroll, Chief Executive Officer, Chief Investment Officer and co-founder of BHC tells Opalesque. Carroll adds that the team will look to use Neuberger's equity research to develop new proprietary datasets. "We're really at the frontier of what I would call quantitative investing 2.0, we think there is a bigger place for data science and research going forward and we plan to build that into our process."

Carroll also said that the firm will be adding headcount and looking to market its solutions into Asia using Neuberger......................

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