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Komfie Manalo, Opalesque Asia:

New York-based fund manager Neuberger Berman said that its China unit, Neuberger Berman Investment Management (Shanghai) Limited, has secured registration as a private fund manager with the Asset Management Association of China (AMAC).

The license allows Neuberger Berman to manage private funds and raise assets directly from qualified investors in mainland China, including qualified high-net-worth individuals and local institutions. Neuberger Berman has currently $271bn in assets

Patrick Liu, Head of China, Neuberger Berman, said , "This is a very important milestone for Neuberger Berman and we are delighted to be one of the first firms to secure this license. We are committed to building a leading investment management firm in China, offering our customized product solutions in equities, fixed income, multi-asset, quantitative investing and alternatives."

The registration expands Neuberger Berman's commitment to China and its investment resources locally. The firm manages investment portfolios for various leading Chinese institutional and intermediary customers investing in equity, fixed income and private equity strategies.

This year the firm welcomed an experienced local equity portfolio manager, Bin Yu, ......................

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