Neuberger Berman history

Roy Neuberger turned over daily management of the firm to a six-person executive committee in 1968.

The Neuberger Museum of Art opened at the Purchase campus of the State University of New York in 1974.

Roy Neuberger personally managed Guardian until 1978.

Buying Manhattan Fund in 1979

He had started his one fund in 1987 with $1 million; a dozen years later, it peaked at assets of $420 million--too much for Fasciano to successfully invest on his own.

A short-lived joint venture was formed with Banque Nationale de Paris in 1992.

Asset management was one of the most stable businesses in the financial services industry, and Lehman had lacked such a unit since it was spun off from American Express in 1994.

Neuberger Berman also had created a Genesis Fund, then valued at $2.5 billion, to invest in small companies. It reoriented the venerable Manhattan Fund toward growth in 1997, however, and the next year launched another growth portfolio, the Millennium Fund.

By 1999, the company also had one international fund and three bond portfolios in addition to its five value-oriented funds.

In 2001, Neuberger Berman was rolling out its "Women Partnership" program aimed at high-net-worth businesswomen.

Neuberger Berman developed a marketing relationship with Merrill Lynch & Co. in 2002.

Athyrium partnered with NB Alternatives (Neuberger Berman) in early 2009 to explore making structured investments in the life sciences sector and formed NB Athyrium LLC to pursue these investments.

In April 2013, Athyrium announced the final closing of the Athyrium Opportunities Fund at $507 million of total commitments.