TORONTO, March 28,
2022 /CNW/ - United Corporations Limited (TSX:
UNC) (TSX: UNC.PR.A) (TSX: UNC.PR.B)
(TSX: UNC.PR.C) ("United") 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. Neuberger Berman Canada will
manage the portfolio by investing in global equities tracking the
MSCI All Country World Index.
Following the transition Neuberger Berman Canada will manage
approximately 20% of United's assets, with United's remaining
assets allocated as follows: Comgest Global Equity Strategy - 28%;
Harding Loevner Global Equity Strategy – 28%; Causeway Global Value
Equity Strategy – 20%.
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 United Corporations Limited