Latest news with #NeubergerBerman
Business Insider
4 days ago
- Business
- Business Insider
Why 'Big Short' investor Steve Eisman thinks the Israel-Iran conflict is good news for markets
Famed investor Steve Eisman said sees a silver lining to the conflict between Israel and Iran, which has rattled markets as it stretches into its fifth day on Tuesday. The investor, best-known for his bet against the US housing market preceding the 2008 financial crisis, said he believed developments unfolding between the two nations were potentially "extremely positive" for the stock market and the world. That's because he believes that, had there been no conflict between Israel and Iran this month, Iran would be closer to developing a nuclear weapon, Eisman said. That could result in other countries in the region gaining access to nuclear weaponry or building up nuclear weapons in response, which would have been a "disaster," he told CNBC on Tuesday. "And unfortunately Iran is run by, the only way you can call it is a death cult," Eisman said. "So, getting rid of a death cult anywhere on planet earth, I think, is a very positive thing, especially when that death cult is close to getting nuclear weapons." Eisman said he believed markets have started to digest the positive implications of the conflict. US stocks sank and oil prices spiked shortly after Israel first attacked Iran, but the market reaction has been more muted since, despite tensions creeping higher. US stocks were relatively flat on Tuesday, despite President Donald Trump leaving the G7 summit early to deal with conflict in the Middle East and stating on Truth Social that everyone "should immediately evacuate Tehran." "Now it's focused on it," he said of the latest market reaction to recent developments. "I think it's potentially unbelievably positive." Eisman's comments on conflicts in the Middle East have previously drawn criticism. Last year, Eisman was placed on leave from Neuberger Berman after he posted on X that the world was "celebrating" the death toll in Gaza. Eisman later wrote that the post was a "mistake" and deleted his X account. Eisman added that while the Israel-Iran conflict could ultimately be a positive for markets, the potential for a wider trade war from Trump's tariffs is one big thing he's worried about. "If we reach deals with all these countries and there's no trade war, I'm very positive on the US economy long-term, and I would be very positive on the market. If there's a trade war, chances are we go into a global recession," he said.
CNBC
4 days ago
- Business
- CNBC
Investor Steve Eisman says we are headed for a global recession if Trump's tariffs spark a trade war
Steve Eisman, the investor who called and profited from the subprime mortgage crisis, said Tuesday President Donald Trump's tariffs against various countries could result in a global trade war and economic downturn, it's just impossible to handicap. "If there's a trade war, chances are we go into a global recession," Eisman said on CNBC's " Squawk Box ." "It reminds me a little bit about all the books I've read in life about World War I. Nobody wanted World War I, and yet, because of all the reciprocal treaties that existed between countries, they somehow ended up there. I don't think anybody wants a trade war, but it's certainly possible." Trump upended the global trading system and launched the U.S. toward greater protectionism during the early days of his second term. His 90-day pause on "reciprocal" tariffs is still in effect, with Japan and the EU looking to strike a deal before the July 9 deadline, when higher trade duties — currently lowered to 10% by Trump in the interim to allow deals to be negotiated — could return with a vengeance. Canada was hit with a 25% tariff on autos and 50% duty on steel and aluminum imports . For China, Trump said a deal between the world's two largest economies is "done" with China supplying rare earths up front to the U.S. as part of a trade agreement. 'The Real Eisman Playbook' podcast host and former Neuberger Berman senior portfolio manager said it's extremely hard to predict how these high-stakes negotiations would unfold. "The negotiations of trade are incredibly complicated, with incredible special interests involved. It's complex. It takes time. Anything could happen. I just don't know how to handicap it all," Eisman said. The widely followed investor said he would be bullish on the U.S. markets and economy if a trade war is avoided. "If there's no trade war, I'm very positive in the US economy long term, and I'm would be very positive on the markets," he said.
CNBC
4 days ago
- Business
- CNBC
'Big Short' trader Steve Eisman: Iran conflict could potentially be 'extremely positive' for markets
Steve Eisman, 'The Real Eisman Playbook' podcast host and former Neuberger Berman senior portfolio manager, joins 'Squawk Box' to discuss the latest market trends, impact of tariff uncertainty, Iran-Israel conflict and trade war on the markets, dealing with the deficit, and more.
Yahoo
5 days ago
- Business
- Yahoo
NEUBERGER BERMAN MUNICIPAL FUND ANNOUNCES MONTHLY DISTRIBUTION
NEW YORK, June 16, 2025 /PRNewswire/ -- Neuberger Berman Municipal Fund Inc. (NYSE American: NBH) (the "Fund") has announced a distribution declaration of $0.05417 per share of common stock. The distribution announced today is payable on July 15, 2025, has a record date of June 30, 2025, and has an ex-date of June 30, 2025. The Fund seeks to provide income that is exempt from regular federal income tax. Distributions of the Fund may be subject to the federal alternative minimum tax for some stockholders. The distribution announced today, as well as future distributions, may consist of net investment income, realized capital gains, and return of capital. In the event the Fund distributes more than its net investment income during any yearly period, such distributions may also include realized gains and/or a return of capital. To the extent that a distribution includes a return of capital, the NAV per share may decline and an investor's cost basis of their shares will be reduced. In compliance with Section 19 of the Investment Company Act of 1940, as amended, a notice would be provided for any distribution that does not consist solely of net investment income. The notice would be for informational purposes and not for tax reporting purposes, and would disclose, among other things, estimated portions of the distribution, if any, consisting of net investment income, capital gains and return of capital. The final determination of the source and tax characteristics of all distributions paid in 2025 will be made after the end of the year. About Neuberger Berman Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $515 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger Berman's investment philosophy is founded on active management, fundamental research and engaged ownership. Neuberger Berman has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last eleven years (firms with more than 1,000 employees). Visit for more information. Data as of March 31, 2025. Statements made in this release that look forward in time involve risks and uncertainties. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Fund's performance, a general downturn in the economy, competition from other closed end investment companies, changes in government policy or regulation, inability of the Fund's investment adviser to attract or retain key employees, inability of the Fund to implement its investment strategy, inability of the Fund to manage rapid expansion and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations. Contact: Neuberger Berman Investment Advisers LLC Investor Information (877) 461-1899 View original content to download multimedia: SOURCE Neuberger Berman
Bloomberg
12-06-2025
- Business
- Bloomberg
Private Equity Is Looking for a Little Help
Things aren't going all that great for private equity firms. They're struggling to sell the companies they own and return cash to investors. But it turns out their counterparts in the world of private credit are offering special loans to tide them over. Direct lending arms at shops from Ares Management to Neuberger Berman Group and even private equity titan KKR have all launched what some are calling 'dequity' funds—to convey the presence of both debt and equity—to the tune of $30 billion industry-wide since 2023. Demand for this type of stopgap financing has soared lately as cash-strapped PE firms face a prolonged deal drought. Higher borrowing costs as well as erratic US trade policies have made it harder for corporate buyers to appraise the value of potential targets or for sponsors to figure out how public stock offerings will go. That's left PE firms saddled with their portfolio companies longer than they'd planned, creating a situation where they don't have enough money to distribute to their limited partners.
