Neuberger Berman, a private asset management business with nearly a century of experience, has submitted an SEC application with an update for its Commodity Strategy Fund to allow it to invest in digital assets.
The investment strategy of the Neuberger Berman Commodity Strategy Fund will now be focused on actively managed exposure to cryptocurrency investments and digital assets via 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 formed in 1939 and serves high-net-worth individuals and pension plans, charitable organizations, sovereign wealth funds, and other institutions. According to the most recent numbers from March of this year, the firm manages assets worth $402 billion and employs over 2,000 people.