TORONTO, 20 December 2021 / CNW / – Economic Investment Trust Limited (TSX: EVT) (“Economic”) announces the appointment of Neuberger Berman Canada ULC (“Neuberger Berman Canada”), an investment management firm headquartered in Toronto, to provide portfolio management services for a portion of its assets, replacing Burgundy Asset Management Limited. Neuberger Berman Canada will manage the portfolio by investing in global equities with an investment style of quality and value.
After the transition, Neuberger Berman Canada will manage approximately 50% of Economic’s assets.
Neuberger Berman Canada is a Neuberger Berman company. Neuberger Berman, founded in 1939, is a private, independent and employee-owned investment manager, headquartered in New York. The company manages a range of strategies, including equities, fixed income, quantitative and multi-asset classes, private equity, real estate and hedge funds on behalf of institutions, advisers and investors. individual investors around the world. With offices in 25 countries, Neuberger Berman’s diverse team consists of more than 2,400 professionals. The company manages US $ 437 billion in customer assets at September 30, 2021.
SOURCE Economic Investment Trust Limited
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