NB Distressed Debt Investment Fund Limited (NBDG.L) LSE

35.00

-0.5(-1.41%)

Updated at September 08 08:00AM

Currency In GBp

NB Distressed Debt Investment Fund Limited

Address

4th Floor

London, W1J 6ER

United Kingdom of Great Britain and Northern Ireland

Phone

44 20 3214 9000

Sector

Financial Services

Industry

Asset Management

Employees

N/A

First IPO Date

February 19, 2014

Key Executives

NameTitlePayYear Born
Mr. Patrick Houlihan Flynn CFAPortfolio Mang.0N/A

Description

NB Distressed Debt Investment Fund Limited is a closed-ended fixed income mutual fund launched and managed by Neuberger Berman Europe Limited. The fund is co-managed by Neuberger Berman Investment Advisers, LLC. It invests in fixed income markets across the globe. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in distressed and special situation credit-related investments, including senior and senior secured debt with both collateral and structural protection. The fund focuses on companies with stressed balance sheets, low implied enterprise value, liquidity crisis, proposed mergers, divestiture, or other such corporate events to create its portfolio. It benchmarks the performance of its portfolio against the HFRI Distressed/Restructuring Index. NB Distressed Debt Investment Fund Limited was formed on April 20, 2010 and is domiciled in Guernsey.