US asset manager Neuberger Berman plans to launch a range of global emerging market and Asian bond strategies after hiring a new team from ING Investment Management.
Tag : nick hoar
The US firm is intent on expanding its investment capabilities globally and sees Asian fixed income as a key plank in that strategy.
Even traditionally conservative Asian institutions are being drawn to non-investment grade US debt vehicles, notably high-yield bonds and CLOs, says Asia-Pacific head Nick Hoar.
The employee-controlled firm will relocate Nick Hoar from London to Hong Kong this summer after the exit of Tony Edwards. Hoar plans to bulk up the regional distribution team.