Neuberger Berman, a privately held asset management firm with nearly 100 years of history, has recently filed a SEC application with an addendum for its Commodity Strategy Fund’s to allow it to invest in digital assets.
The Neuberger Berman Commodity Strategy Fund's investment strategy will from now focus on actively managed exposure to cryptocurrency investments and digital assets through cryptocurrency derivative instruments.
Effective immediately, Neuberger Berman Commodity Strategy Fund’s (the “Fund”) investment strategy will permit actively managed exposure to cryptocurrency investments and digital assets through (i) cryptocurrency derivatives, such as bitcoin futures and ether futures, and (ii) investments in bitcoin trusts and exchange-traded funds to gain indirect exposure to bitcoin. stated in an official SEC filing
Neuberger Berman was founded in 1939 and it serves pension plans, charitable organizations, sovereign wealth funds and other institutions, as well as high-net-worth individuals. According to the latest statistics from March this year, the company manages assets (AUM) of $402 billion and has more than 2,000 employees.