A pair of multi-manager liquid alternative mutual funds is adding a subadvisor.
| Thierry Lucas|
Portland Hill Capital
Founder, Chief Investment Officer
New York City-based Neuberger Berman
to reveal the addition of London-based Portland Hill Capital
to the subadvisor lists for both the two-star, $1.6-billion Neuberger Berman Absolute Return Multi-Manager Fund
and the $37.4-million Neuberger Berman Long Short Multi-Manager Fund
. For both funds, Portland Hill will run the European event driven and equity long/short strategy.
Portland Hill had about $182 million in AUM as of June 30. Chief investment officer Thierry Lucas founded
the fundamental, bottom-up boutique in 2011, and it specializes in "European catalyst-driven equity ideas. It manages Cayman and Luxembourg-based offshore funds, UCITs, and managed accounts.
The giant Neuberger Absolute Return Multi-Manager Fund now has 13 subadvisors. Beyond Portland Hill, the other 12 are: Blue Jay Capital Management
, Cloud Gate Capital
, Cramer Rosenthal McGlynn
, Good Hill Partners
, GSA Capital Partners
, Levin Capital Strategies
, SLS Management
, Sound Point Capital Management
, TPH Asset Management
, and Visium Asset Management
The much-smaller Neuberger Long Short Multi-Manager Fund
now has 8 subadvisors, all of which already subadvise the Absolute Return Multi-Manager Fund
, too. They are: Blue Jay, Cloud Gate, Cramer Rosenthal McGlynn, Levin, SLS, TPH, and now Portland Hill.
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