Neuberger Berman is set to enhance its quantitative investment capabilities with the addition of Breton Hill Capital (BHC), an investment firm managing approximately USD2.0 billion in client assets (at 31 August 2017).
The BHC team, based in Toronto, Canada, utilises rigorous quantitative research and proprietary technology infrastructure informed by deep capital markets experience. BHC’s solutions range across the risk and return spectrum with a focus on alternative risk premia and multi-factor solutions spanning equities, currencies, commodities, and rates. BHC manages capital for a diverse investor base comprised of institutions, ultra-high net worth individuals and retail investors across various vehicles.
BHC’s investment philosophy, process, and proprietary technology platform were developed by its co-founders, Ray Carroll, Simon Griffiths, and Frank Maeba, who have worked together for over 19 years. They are supported by 11 additional investment professionals, all of whom are expected to join Neuberger Berman. Breton Hill’s investment process will continue to be led by co-founder Ray Carroll. There will be no changes to the BHC investment process.
George Walker, CEO of Neuberger Berman, says: “I’m excited about the Breton Hill team joining us. They are terrific investors who have consistently delivered for their clients. Their disciplined, quantitative investment approach is distinctive–few have the research and investment platform, technology, and creativity to navigate markets as they do. We are proud to partner with them in the years ahead.”
Ray Carroll, Chief Executive Officer, Chief Investment Officer and co-founder of BHC, says: “Neuberger Berman is a cultural fit for Breton Hill, valuing independent, original thinking. This move allows us to invest in the same manner we always have, while leveraging the deep resources of a large, global investment firm. Joining Neuberger Berman will allow us to focus more time on investing, researching new signals, analysing alternative data sources, and enhancing our technological infrastructure. In addition, we believe Neuberger Berman’s private ownership structure – which aligns our interests with clients–promotes stability and long-term success.”
Doug Kramer, Neuberger Berman Co-Head of Quantitative and Multi-Asset Class Investments noted “As the investment landscape evolves, we are eager to utilise BHC’s capabilities to bring Neuberger Berman’s fundamental research and quantitative solutions more closely together to deliver innovative investment solutions to our clients.”
Clay Khan, Managing Director, Neuberger Berman Canada, adds: “This team joining our firm further demonstrates our commitment to the Canadian marketplace. Their capabilities significantly augment our ability to deliver a broad set of investment strategies to the Canadian investment community.”
The team is expected to join in the fourth quarter of 2017.