(AltAssets) October 5, 2011 – US asset manager Neuberger Berman (NB) has opened an office in Buenos Aires, Argentina, the firm’s first in Latin America.

Since launching its Latin America efforts in the first quarter of last year, NB has attracted over $700m in mandates from around 15 institutional investors.

High yield and private equity are two investment strategies that have attracted significant assets from clients, said Rohm.

Looking ahead, he anticipates those two strategies, along with global equities, and specifically emerging markets stocks, to be in demand from Latin American institutional investors.  

“Most importantly, we are becoming a trusted advisor to clients all over the region,” he added.

Neuberger Berman currently manages around $198bn in assets.

Its private equity arm spun off from US investment bank Lehman Brothers in 2008, when it was purchased by a group of portfolio managers and senior professionals previously employed by the bank.