Neuberger Berman Long Short Fund Institutional Class is a long-short equity mutual fund designed to provide risk-adjusted returns by actively taking both long and short positions in global securities. Its primary purpose is to participate in up markets while seeking to reduce downside risk and overall portfolio volatility when markets decline. The fund invests across common and preferred equities, ETFs, fixed income, and derivatives such as futures, swaps, and options, targeting companies primarily with market capitalizations above $250 million. By combining long investments in undervalued firms with short exposures in securities expected to underperform, the strategy aims for positive returns irrespective of market direction. Spanning U.S. and non-U.S. issuers, the fund is managed with a flexible, fundamentally driven approach and typically has net long exposure up to 100% of net assets and net short exposure up to 20%. Its sizeable asset base and institutional share class offer potential advantages in execution and fees, while its performance history reflects an emphasis on downside mitigation during periods of equity market turbulence, making it a notable option within the long-short equity category for risk-conscious investors seeking diversified equity exposure.
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