Robert Berman (banker)

Robert Berman (c. 1910 – June 1, 1954) was the co-founder of Neuberger Berman.

Biography

Berman joined Halle & Stieglitz as a junior employee shortly before the Wall Street crash of 1929. While employed there, he pursued a law degree at night.

In 1939, Berman was a floor broker on the New York Stock Exchange, when he, along with colleague Roy Neuberger, co-founded Neuberger Berman.[1][2] They began trading stocks out of a small room at the Biltmore Hotel, building a roster of rich clients.[3]

In 1950, their firm started one of the first no-load mutual funds in the United States, the Guardian Fund.[3]

Berman died of leukemia on June 1, 1954, at the age of 44.[3]

References

  1. ↑ "Lehman sells division to buyout firms". The New York Times. September 29, 2008.
  2. ↑ Eastham, Todd (December 25, 2010). Maler, Sandra (ed.). "20th century financial titan Neuberger dies at 107". Reuters.
  3. 1 2 3 "Coming full circle". Institutional Investor. April 30, 2002.
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