NEW YORK, Dec. 13, 2018 /PRNewswire/ -- Neuberger
Berman High Yield Strategies Fund Inc. (NYSE American: NHS) (the
"Fund") has announced that after a 30-year career, Tom O'Reilly plans to retire from the asset
management business at the end of 2019 and will cease portfolio
management responsibilities at that time.
In addition to Mr. O'Reilly, the Fund presently has four other
co-Portfolio Managers who will continue managing the Fund following
his retirement. Co-Portfolio Managers Russ
Covode, Dan Doyle,
Patrick Flynn and Joe Lind, are highly experienced, averaging 20
years of investment experience and are supported by a dedicated
team of 24 experienced credit analysts.
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent,
employee-owned investment manager. The firm manages a range of
strategies—including equity, fixed income, quantitative and
multi-asset class, private equity and hedge funds—on behalf of
institutions, advisors and individual investors globally. With
offices in 20 countries, Neuberger Berman's team is more than 2,000
professionals. Tenured, stable and long-term in focus, the firm
fosters an investment culture of fundamental research and
independent thinking. It manages $315
billion in client assets as of September 30, 2018. For more information, please
visit 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.
Media Contact: Alex Samuelson,
212.476.5392, Alexander.Samuelson@NB.com
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SOURCE Neuberger Berman