Private Asset Management

Neuberger Eyes Equities, Muni Bonds 04/30/2009

Alison Deans, head of Private Asset Management for Neuberger Berman, is stressing balancing complementary asset classes such as fixed income with equities to lower volatility in high-net-worth portfolios. In an exclusive interview with PAM, Deans recommended a combination of municipal, high-quality investment grade and high-yield bonds to complement an equity offering. Deans noted that the combination of declining home prices and equities resulted in a record decrease in net worth for clients in 2008, so repositioning for a recovery will be crucial.

Clients are most concerned with market declines and volatility, said Deans, who added that Neuberger’s advisors are reevaluating risk tolerances with the clients to ...

To read this article, please subscribe or take a free trial.

Subscribe Subscribers have unlimited access to all current content, email alerts and breaking news. Start your subscription today - click on the button below. Subscribe		Free Trial Taking a free trial will give you access to the current issue, email alerts and breaking news for a limited period. Start your free trial today. Free Trial

Already Have An Account? Username: Password: