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Neuberger Berman buys Canadian quant fund Breton Hill

First Published 28th September 2017

A well-calculated move

Investment manager Neuberger Berman has announced the acquisition of Canadian quantitative manager Breton Hill Capital. The deal is expected to close in the fourth quarter, with eleven Breton Hill employees joining Neuberger's team of over 1,900. Terms of the deal have not been disclosed as both firms are privately held.

Neuberger is likely seeking to increase the proportion of the 297 billion USD under management that is allocated to quantitative strategies, and perhaps also to expa

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