Select Investment Partners Limited has announced the company is appointing Neuberger Berman Australia as investment advisory partner for its Select Alternatives Portfolio.
Select says the move will enhance its investment and research resources, extending the reach for the Select Alternatives Portfolio.
"Select and Neuberger Berman are committed to deliver an exceptional diversified alternatives portfolio for retail investors in Australia through the Select Alternatives Portfolio," Select chief executive Brendan Foley said.
"Our vision continues to be to leverage Select's core principles of investor focus, investment rigour and original thinking in building an end-to-end, integrated investment management business."
Neuberger Berman Australia managing director Lucas Rooney said the group aimed to develop a diversified alternatives portfolio for retail investors seeking diversification in their alternative investment allocation.
Neuberger Berman is also "targeting a reasonable degree of liquidity and competitive pricing, often a challenge in alternative investments", Mr Rooney said.
David Bell has also joined Select Alternatives Portfolio's investment committee. Mr Bell received a lifetime achievement award for his contribution to the hedge funds industry at the Australian Hedge Funds Awards.
