Neuberger Berman firm will get Bitcoin & Ethereum Exposure
Neuberger Berman fund manager company filed with SEC to gain exposure to bitcoin and Ethereum through the Investment in futures. It will be the first exposure in crypto for Neuberger Berman.
Neuberger Berman is a fund manager company and currently they are managing $400 billion fund. They are looking to get into crypto Investment. The company wants to be involved in crypto through Bitcoin & Ethereum Investment only.
To get approval they filed their prospects form to the SEC for a commodity-focused fund implemented in the crypto Investment.
If they will get approval then it will be the first exposure for Neuberger Berman to give the funds under the exposure of crypto.
Neuberger Berman will not directly go with this plan, they will do all these things through a subsidiary which is fully owned by them. And they are ready with $160 million in assets under management. But if we talk about the overall fund that the company manages is $400 billion, which is really a huge amount.
The firm stated
“Fund assets not invested either in the Subsidiary or directly in commodity-linked derivative instruments will generally be invested in fixed income securities, cash or cash equivalent instruments, or money market mutual funds.”
From the records of the SEC filing, it is found that in the present time, Neuberger Berman is currently doing their Investment in commodity-linked futures contracts through a wholly-owned Subsidiary.”
Hakan Kaya, Thomas Sontag, David Wan, and Michael Foster are currently managing this firm.
Read also:Legend Star Gene Simmons Still bullish on Bitcoin & crypto
