Products February 20, 2014

Neuberger Berman Introduces Unconstrained Bond Fund

February 20, 2014 (PLANSPONSOR.com) - Neuberger Berman has introduced the Neuberger Berman Unconstrained Bond Fund.
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Available to institutions, the fund’s absolute-return oriented strategy provides investors with an alternative approach to traditional benchmark driven long-only investing, responding to current market dynamics. The firm tells PLANSPONSOR, depending on assets under management (AUM), it can offer either the mutual fund or a separate account.

It employs a broad set of tools to take advantage of market mispricing. This flexibility provides the ability to express investment views and pursue extracting relative value through both long and short positioning.

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The full global credit and securitized spectrum will be utilized and the fund will have complete duration flexibility with the ability to have positive, negative or zero duration. The fund will be unconstrained by benchmark (U.S. T-bill index) as its managers seek to capitalize on best opportunities worldwide.

The firm says it is working on adding the mutual fund to defined contribution platforms.

Deals and People February 20, 2014

Segal Group Hires National Communications Leader

February 20, 2014 (PLANSPONSOR.com) – D. Mark Schumann has joined The Segal Group as senior vice president and national communications practice leader.
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“Mark joins us with significant consulting, business and people leadership skills gained through his many years in the communications field,” says Joseph LoCicero, president and CEO of The Segal Group. “He has managed a global communications practice, as well as geographic business units, and his understanding of both brings a unique and valuable perspective for our business.” 

Schumann will report to David Blumenstein, senior vice president and national director. He has worked for various employers in the health care, air travel, and oil and gas industries. He also held consulting and business leadership positions for both Towers Watson and Mercer. While at Towers Watson, Schumann served as the global communications practice leader for six years and subsequently as the office leader for the Houston, Austin and San Antonio markets.

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Schumann has co-authored two books on organizational branding and served as chair of the International Association of Business Communicators (IABC), the firm says. 

Schumann holds a Master of Arts in business communications from the University of Denver, a Bachelor of Arts in English and communication from Austin College in Sherman, Texas, and is an IABC Accredited Business Communicator.

Schumann can be reached in the firm’s New York office.

The Segal Group is a benefits and human resources consulting firm, headquartered in New York.

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