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Laxman Pai, Opalesque Asia:

A commodity-focused fund managed by Neuberger Berman, a multi-billion-dollar asset manager, has opened the door to exposure to Bitcoin and Ethereum derivatives and investment vehicles through a subsidiary.

The private investment management firm with $402 billion in assets under management (AUM) disclosed this information in Form 497 in order to comply with the Securities and Exchange Commission's EDGAR filing system.

Following the collapse of Lehman Brothers on September 15, 2008, Neuberger Berman continued to operate and spun itself away from the parent company. The filing with the United States Securities and Exchange Commission (SEC) shows the firm permits exposure to cryptocurrencies now and mentions the leading crypto assets Bitcoin (BTC) and Ethereum (ETH) in the filing.

The New York-based investment management firm said in a regulatory filing on Wednesday: "Neuberger Berman Commodity Strategy Fund's investment strategy will permit actively managed exposure to cryptocurrency investments and digital assets through (i) cryptocurrency derivatives, such as Bitcoin futures and ether futures, and (ii) investments in Bitcoin trusts and exchange-traded funds to gain indirect exposure to Bitcoin."

The so-called Neuberger Berman Hedged Cryptocurrency Volatility Fund LLC had, as of July 29, made no sales to investors, per the filing. The filing notes a minimum investment of $5 million.

The statement also follows Neuber......................

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