Neuberger Berman Greenlights Indirect Crypto Investments for Commodities Fund
The $400 billion asset manager is expanding its investments strategy to include bitcoin and ether.
Updated May 9, 2023 at 3:22 a.m. UTC
![Joseph Amato, president and chief investment officer of Neuberger Berman Group LLC, speaks during a Bloomberg Television interview.](https://www.coindesk.com/resizer/h4PCTehZ3a4Rv2Vs_5c2aHH-sfQ=/567x378/filters:quality(80):format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/LZFIX4POPNELTPZFLXKOZXPAR4.jpg)
“Neuberger Berman Commodity Strategy Fund” added crypto derivatives, bitcoin trusts and exchange-traded funds (ETFs) to list of permissible investment strategies, the $400 billion manager said in Wednesday regulatory filings.
The fund, which as a mutual fund would be widely available to investors, has been on a tear this year as commodity prices surged, according to a fact sheet. Its top holdings were gold, corn, heating oil and Brent crude at the end of June.