Opalesque Industry Update - Neuberger Berman Group LLC, a global money manager, announced that David Kupperman has been named a
managing director of NB Alternatives Investment Management, the firmâ€™s fund of hedge funds
business. Mr. Kupperman will be based in New York and involved in all aspects of the fund of
hedge funds investment process. |
Most recently, he was a partner and member of the investment committee at Alternative Investment Management, LLC, a fund of hedge funds. Prior to that, Mr. Kupperman worked as a managing director and member of the executive committee of Paloma Partners Management Company, a multi-strategy hedge fund focused on relative value trading strategies. Prior to Paloma, Mr. Kupperman worked at The Carlyle Group, one of the worldâ€™s largest alternative investment managers. Prior to Carlyle, Mr. Kupperman was in both the Private Equity and Portfolio Strategy groups at Goldman, Sachs & Co. He holds a PhD in Physics from The Johns Hopkins University, and an ME in Applied Physics and a BA in Physics and Astrophysics from Cornell University.
â€śDavid's addition builds on the strong performance of our fund of hedge funds business,â€™â€™ said Anthony Tutrone, global head of alternatives for Neuberger Berman. â€śOur performance continues to attract new clients, including several large institutional relationships, as we strive to deliver best-in-class commingled and custom fund solutions to our clients.â€ť
â€śThe fund of hedge funds team is committed to selectively adding experienced investment professionals to help serve the ongoing needs of our institutional, intermediary and high net worth clients,â€™â€™ said Eric Weinstein, CIO of Neubergerâ€™s fund of hedge funds business. â€śDavid is a very experienced hedge fund investor with a strong technical background which will complement our existing expertise.â€™â€™
Formed in 2002, NB Alternatives Investment Management manages assets of approximately $4 billion for institutional and individual investors and has investments in approximately 50 different hedge funds. Neuberger Berman managed approximately $17 billion in alternatives assets for institutional and individual investors as of December 31, 2010.