Neuberger Berman will offer a new fund to outside investors, MutualFundWire reports. The Neuberger Berman Large Cap Value Fund will be launched in A, C and institutional classes.

The new vehicle will be managed by portfolio manager, Eli Salzmann. The manager will target undervalued U.S. and multinational companies with market capitalizations exceeding $10 billion and outperform the fund’s benchmark, the Russell 1000 Value Index.

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