abstract:Neuberger Berman Group LLC, through its subsidiaries is an investment management firm that provides financial services for high net worth individuals and institutional investors. With approximately $200 billion in asset under management, it is among the largest private employee-controlled asset management firms in the world.
Faced withanotherbigquarterlyloss, it is hawking around both itsworstassets (atoxic commercial-mortgage portfolio) and its best (NeubergerBerman, a fund manager).
One option that has repeatedly been raised is for the firm to sell all or part of its Neuberger and Berman asset-management unit, but that would leave it with a large proportion of assets impacted by the credit-market turmoil.
Elsewhere, Neuberger Berman (nyse: NEU - news - people ) was up almost 2%, after saying Friday it was in talks to be bought by Lehman Brothers (nyse: LEH - news - people ).
Faced with another hefty quarterly loss, it is shopping both its worst assets (a toxic commercial-mortgage portfolio) and its best (Neuberger Berman, a fund manager).