Asia gets a taste of US distressed debt

23 April 2010 | 3 minutes read

Neuberger Berman, a New York headquartered asset manager, has launched a distressed debt fund IPO to Asian investors. The book on the US$1bn–US$1.5bn fund closes on June 4, with trading slated for the LSE’s Specialist Fund Market on June 22. Asian private banking clients and regional sovereign wealth funds are being heavily pitched on the offer. The fund aims to pick through…

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