Neuberger Berman
Multi-asset, fixed income and private markets insights from Neuberger Berman.
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Neuberger BermanMulti-Asset
CIO Weekly: Can the U.S. Consumer’s Resilience Last? | Neuberger
Neuberger Berman's CIO for Wealth, Shannon Saccocia, examines mounting pressures on the U.S. consumer—including negative real disposable income, a savings rate near post-GFC lows (~2.6%), and a ~100bp annualized spending headwind from elevated energy costs tied to the Middle East conflict. While maintaining a global equity overweight on strong Q1 earnings, the piece warns that consumer discretionary faces a fundamental reckoning and highlights a pronounced K-shaped divergence, favouring experiences over goods and selective stock-picking over sector exposure.
Neuberger BermanPrivate Markets
Capital Solutions: A Flexible Response to Private Equity’s Exit Problem | Neuberger
Neuberger Berman's Head of Capital Solutions, David Lyon, discusses the ~$4 trillion overhang of unrealized private equity value and how hybrid/flexible capital—structured between debt and equity—can provide liquidity solutions for sponsor-backed companies facing exit pressure. The podcast differentiates this strategy from distressed investing, addresses misconceptions around private credit defaults and valuation marks, and examines AI-driven uncertainty in software portfolios as a source of deal opportunity.
Neuberger BermanEquities
Insights | Neuberger
Neuberger Berman's CIO Weekly argues that the U.S. consumer deserves renewed investor attention amid geopolitical and market distractions. The piece assesses the durability of consumer resilience and its implications for the broader market outlook.
Neuberger BermanMulti-Asset
Asset Allocation Outlook 2Q 2026: Beyond the Conflict | Neuberger
Neuberger Berman's Asset Allocation Committee maintains a broadly constructive medium-term outlook on global growth and risk assets despite the near-term disruption of the Middle East conflict, which has narrowed the macro margin for error and pushed government bond yields higher. Key positional changes include upgrading U.S. large caps and investment grade credit, downgrading European equities and EM debt, and increasing emphasis on commodities and hedged strategies as traditional diversifiers have underperformed.
Neuberger BermanPrivate Markets
Private Credit: Key Questions for Investors | Neuberger
Neuberger Berman investment experts examine the opportunities and risks in private credit, addressing topics including BDC sell-offs, software sector headwinds, AI-driven repricing, and redemption concerns. The firm argues that the private credit market is more diverse and resilient than the recent negative focus on corporate direct lending and BDCs implies, while also flagging rising dispersion beneath the surface of credit indices.