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Neuberger Berman’s $1.7 Billion Absolute Return Fund Turns Three
FYI: The prospect of rising interest rates throws a monkey-wrench into traditional diversification strategies. U.S. stocks remain at or near their all-time highs, but adding bonds for diversification is a questionable proposition, given low yields and the prospect of higher rates. So what are investors to do? Regards, Ted http://dailyalts.com/neuberger-bermans-1-7-billion-absolute-return-fund-turns-three/
Is this fund registered as a '40 Act fund? I strongly suspect--- and would be willing to put a little wager on it--- that this fund would be a likely candidate for poster child of the year for a '40 Act fund which is not compliant with all requirements re. transparency, reporting requirements, accounting, etc., and that the SEC is for now simply letting it pass... "because Neuberger Berman."
All that posturing last year re. rule-making, integrity of process, examinations for compliance officers, and all those speeches about supervision of alt fund money in slices of '40 Act funds, but when it came time to effect those processes this past Spring... the SEC division head responsible for this oversight quietly resigned and returned to his private sector job. Could a little obstruction from the gatekeeper, SEC head Mary Jo White, have come into play?
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All that posturing last year re. rule-making, integrity of process, examinations for compliance officers, and all those speeches about supervision of alt fund money in slices of '40 Act funds, but when it came time to effect those processes this past Spring... the SEC division head responsible for this oversight quietly resigned and returned to his private sector job. Could a little obstruction from the gatekeeper, SEC head Mary Jo White, have come into play?