NEW YORK, March 3, 2015 /PRNewswire/ -- Neuberger Berman,
on behalf of the Neuberger Berman High Yield Strategies Fund Inc.
(NYSE MKT: NHS) (the "Fund"), has announced that after a 34-year
career, Ann Benjamin plans to retire
from the asset management business at the end of 2015 and will
cease portfolio management responsibilities at that time. Ms.
Benjamin has been a co-portfolio manager to the Fund, along with
her business partner Tom O'Reilly,
since its inception in 2003.
After Ms. Benjamin's retirement, Mr. O'Reilly, an industry
veteran with 26 years of experience, including the last 18 at
Neuberger Berman, will continue to manage the Fund along with
current co-Portfolio Managers Russ
Covode and Dan Doyle.
Additionally, Patrick Flynn, a
Managing Director and long-time portfolio manager at Neuberger
Berman, will join the team as co-portfolio manager effective
January 2016. The Neuberger Berman
High Yield team manages $28 billion
in High Yield assets.
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent,
employee-owned investment manager. The firm manages equities, fixed
income, private equity and hedge fund portfolios for institutions
and advisors worldwide. With offices in 18 countries, Neuberger
Berman's team is more than 2,100 professionals and the company was
named by Pensions & Investments as a 2013 and 2014 Best
Place to Work in Money Management. Tenured, stable and long-term in
focus, the firm fosters an investment culture of fundamental
research and independent thinking. It manages $250 billion in client assets as of December 31, 2014. For more information, please
visit our website at www.nb.com.
Certain statements in this press release, such as those related
to changes in a portfolio management team, constitute
forward-looking statements, which involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
levels of activity, performance or achievements of the Fund, or
industry results, to be materially different from any future
results, levels of activity, performance or achievements expressed
or implied by such forward-looking statements. Among other
risks and uncertainties are the possibility of differences in the
timing or nature of any portfolio manager changes, the adverse
effect from a decline in the securities markets or a decline in the
Fund's performance, a general downturn in the economy, competition
from other closed end investment companies, changes in government
policy or regulation, inability of the Fund's investment adviser to
attract or retain key employees, inability of the Fund to implement
its investment strategy, inability of the Fund to manage rapid
expansion and unforeseen costs and other effects related to legal
proceedings or investigations of governmental and self-regulatory
organizations. As a result, no assurance can be given as to
future results, levels of activity, performance or achievements,
and neither the Fund nor any other person assumes responsibility
for the accuracy and completeness of such statements in the
future.
Media Contact: Alex Samuelson,
212 476 5392, Alexander.Samuelson@NB.com
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SOURCE Neuberger Berman