TORONTO, Sept. 21,
2023 /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 greater portion of its assets, replacing Harding
Loevner LP. Neuberger Berman Canada will continue to provide
investment portfolio management services to United through a global
equities mandate which tracks the MSCI All Country World Index. The
new mandate with Neuberger Berman Canada will focus on investing in
global equities with a quality strategy.
Following the transition Neuberger Berman Canada will manage
approximately 45% of United's investments on the transition
date.
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.
SOURCE United Corporations Limited