
Corporate Moves
Neuberger Berman, PIF to Deploy $6B in Saudi Investments
The duo will launch a multi-asset program to support the growth of the asset management industry in Saudi Arabia.
The New York State Common Retirement Fund earmarked $2 billion to a single Neuberger Berman fund.
The investment management veteran comes from Cambridge Associates.
Used as an escape hatch when private equity is in the doldrums, this venue has become established enough to keep going in better days, strategists say.
The Common Retirement Fund also earmarks investments in absolute return and credit.
$30.9 billion fund also earmarks $500 million in new investments.
Selections chosen for their UK presence and global reach.