Neuberger Berman Long Short Instl
NLSIX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- New York NY 10158 New York NY United States of America 10158
- IPO Date
- Dec 29, 2011
- CIK
- 0001317474
- Website
- nb.com
- Similar Companies
- Business
- Neuberger Berman Long Short Fund Institutional Class (NLSIX) is an open-end mutual fund that seeks long-term capital appreciation with a secondary objective of principal preservation by taking long and short positions in global securities markets. The fund invests primarily in common and preferred equity securities, exchange-traded funds, fixed income securities including U.S. government, mortgage- and asset-backed securities, and below-investment-grade debt, as well as derivatives such as futures contracts on individual securities and indices, total return swaps, credit default swaps, forwards, and options; equity positions generally target companies with market capitalizations of at least $250 million, with at least 75% of assets in equity securities or derivatives, short sales to hedge market risk, and a typical net exposure reflecting long positions in sectors like technology and consumer cyclical alongside significant short allocations including S&P 500 futures. It offers institutional class shares with a minimum initial investment of $1 million, a net expense ratio of 1.32%, daily pricing, and no front-end or deferred loads, alongside Class A (NLSAX) and Class C (NLSCX) shares. Launched on December 29, 2011, and managed by Charles Kantor since inception and Marc Regenbaum since 2017, the fund operates within the Long-Short Equity category with a large blend investment style, total net assets of approximately $7.81 billion, and a portfolio turnover of 48%. The fund is advised by Neuberger Berman Investment Advisers LLC, a subsidiary of Neuberger Berman Group LLC, an employee-owned investment manager founded in 1939 and headquartered in New York with operations in 26 countries managing over $500 billion in client assets across equities, fixed income, private equity, and hedge funds. Recent developments include the launch of a tax-managed long/short strategy within Neuberger Berman's Custom Direct Investing platform in May 2025, designed for high-net-worth clients using 130% long and 30% short leverage to optimize pre-tax and after-tax returns amid growing demand for tax alpha. In December 2025, Neuberger Berman announced name changes to certain funds effective shortly thereafter, though NLSIX retained its designation, and made portfolio management adjustments in related high yield strategies. The firm also pursued strategic expansions such as closing the NB Strategic Co-investment Partners V fund in July 2025, raising $4 billion for a GP-led secondary fund in June 2025, a growth investment in sustainability software provider Sphera alongside Blackstone in September 2025, and a minority investment partnership with Mariner Wealth Advisors in October 2024 to support national expansion.