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From The Opalesque Team:

At a media briefing held on Wednesday, CEO George H. Walker and a team of Managing Directors from Neuberger Berman gave an overview of the newly private firm and offered some insight into the current financial markets.

The running theme through all presentations was on meeting client needs by preserving wealth during the financial crisis, and providing returns for clients according to their risk preferences. The team expressed a cautious outlook stressing capital preservation over capital appreciation.

Long/Short hedge fund product The meeting also provided some insight to the long/short equity hedge fund product the firm launched 14 months ago with both client and internal funding.

The Fund is managed through the Private Asset Management division, and Managing Director and Portfolio Manager Charles Kantor said that the 2008 performance included “almost” protecting all of the capital within the fund. Kantor added that the quest to add real value through the short side of the fund had also worked to strengthen the firm’s long side investing.

Will not take part in PPIP program When asked about participation in the US Government’s Public Private Investment Program (PIPP) CEO George Walker said although the firm would qualify to participate, it was not currently, nor did he anticipate participating in it in the future.

Citing the recent 9-months of operation under the umbrella of its ......................

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