TORONTO, Dec. 20, 2021 /CNW/ - Economic Investment Trust
Limited (TSX: EVT) ("Economic") announces that it has appointed
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 following a quality value
investment style.
Following the transition Neuberger Berman Canada will manage
approximately 50% of Economic's assets.
Neuberger Berman Canada is a business of Neuberger Berman.
Neuberger Berman, founded in 1939, is a private, independent,
employee-owned investment manager headquartered in New York. The firm manages a range of
strategies including equity, fixed income, quantitative and
multi-asset class, private equity, real estate and hedge funds on
behalf of institutions, advisors and individual investors globally.
With offices in 25 countries, Neuberger Berman's diverse team has
over 2,400 professionals. The firm manages US$437 billion in client assets as of
September 30, 2021.
SOURCE Economic Investment Trust Limited