Fitch: Proposed Sale Addresses Uncertainty for Neuberger-Managed Closed-End Funds (Business Wire)

Monday October 6, 5:54 pm ET NEW YORK--(BUSINESS WIRE)--The proposed acquisition of Neuberger Berman by Bain Capital Partners, LLC and Hellman & Friedman LLC would address previous uncertainty as to the organizational framework and institutional support available to support closed-end funds managed by Neuberger Berman, according to Fitch Ratings. Over the longer term, Fitch will evaluate the integration of the existing Neuberger Berman staff into a new organization, and the impact that this may have on investment... [read full story]